Just a continuation of the previous idea I was discussing on btc. I noticed that inside the bearish pattern was a hidden bullish pattern. It still needs either one more 4hr confirmation candle to close above as well or a huge surge in bull volume to confirm the breakout(whichever comes first) but hopefully if we do validate the breaklut, it will give us the necessary bull momentum to get back above the 4hr 50MA(in orange) which is serving currently as resistance. This close above has made me return to long on this idea...although as always I will be rpepared should we get thrown back into the bear pattern and out the other side. Be vigilant, resourceful, patient, and persevering and choose your own path wisely as this is not intended to be financial advice. Good luck and thanks for reading! I will link the previous idea to this one.
評論:
previous related idea here:
