Bitcoin is still a long way from confirming a long term reversal, however, there have been super positive signs on the 4H chart.
1. Strong Bollinger Band reversal with volume.
2. Ichimoku cloud is giving 3/3 bull signals (price above kumo, tenkan/kijun cross, chikou cross)
3. BTC has broken out of the 1 month falling wedge pattern and confirmed breakout with 4 candles outside of wedge.
4. RSI is strong.
5. Finally, this Inverse H&S has just completed and been confirmed by a candle close above the neckline.
Therefore, my short-mid term target is 12K.
PM me for entries, targets, custom charts, access to my paid Telegram group or my chart analysis course.
1. Strong Bollinger Band reversal with volume.
2. Ichimoku cloud is giving 3/3 bull signals (price above kumo, tenkan/kijun cross, chikou cross)
3. BTC has broken out of the 1 month falling wedge pattern and confirmed breakout with 4 candles outside of wedge.
4. RSI is strong.
5. Finally, this Inverse H&S has just completed and been confirmed by a candle close above the neckline.
Therefore, my short-mid term target is 12K.
PM me for entries, targets, custom charts, access to my paid Telegram group or my chart analysis course.
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BTC is struggling to break above the neckline. Interesting to see what happens if we hit the 61.8% level
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Well well well, look who's above the neckline again
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Looking for a close above the neckline and then we need to break this downtrend for more upside. Thanks to the Wolf for pointing this downtrend out.
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Looking good.
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Great signs for BTC.
