Look at the very angular structure of these last few candles. I have noticed that this how recent rallies stair step higher. If we see this pattern repeat again over the next few hours, could be starting a good size move.
As can be seen in the chart, there is plenty of room within this broadening formation for BTC to make a quiet new high. Nobody, wants to sell and nobody wants to buy, EXCEPT we know that institutional money is coming in. So there really is nothing to stop us, the trend is your friend!
We likely had a false break out above 93 today and were ready to print a reversal candle. Federal Reserve to the rescue! Huge move in the last 15 minutes to close what looks like a continuation candle.
We know that team bankster is doing its best to keep cryptos/pm's in check at any cost, and here's proof positive.
With a Monday holiday and global demand sky...
We can see that the pattern we are in mirrors the move from the middle of last year based on the 4 hour scale. We recently came within a couple of dollars of the 200 MA and are now bouncing, just as I predicted in my last post.
We also broke through the top of the flag pattern (not shown) on Friday. With the WuFlu as our catalyst, we should see a new high put in...
Look at the similarities between the summer 2019 move up and the current move. Gold was waiting for the 200 MA to catch up, so that it could reset and continue higher.
Alternatively, CoronaVirus is nothing more than a common cold, the world economies have never been better and everyone should buy, buy, buy, buy, buy stocks!