BTC just went from 4.1k to 5.1k range in a few hours today. Do we moon or doom?
Yes moon is possible but hmmm doom is possible aswell.
Lets analyse the pump to 5.1k first. BTC was in an ascending triangle so you could say that was the first bullish sign. Although many people thought there would be a dip to like 3.5-3.8k. But that did not happend! When BTC got...
Theta seems like it is almost done correcting with a falling wedge pattern. Note the bullish divergence on the daily (not yet validated though)
Buy orders in the green zone.
Targets will be called once it is done correcting.
It seems like BTC is inside an ascending triangle. If you are not in BTC wait for breakout and re-test of the triangle.
Resistance 4.4 - 4.7k
Support: 3.9 - 4k (below 3.8k)
First target: 4.4 - 4.7k
Second target: 5.1k
Third target: 6k
Red = daily bearish orderblock or s/r
Green = daily bullish orderblock or s/r
Purple = 4H OB or breaker
Fat red line is the...