simple pattern simple outcome
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price is moving in range try to form an inverse H&S (bullish pattern).
based on this action we can expect the key support area (between 1840$ and 1800$) retest before another upward pressure.
all indicators on daily and higher timeframes show bullish signs and I don't see any excuse price drop below my baseline unless a liquidity trap.
at the moment we may see more range move however price can close above neckline around 1920$ and go upward with no significant correction.
so if the price closed above our neckline we can expect more upward pressure at this scenario our target would be above 2050$. (on the chart)
Enjoy the market
based on this action we can expect the key support area (between 1840$ and 1800$) retest before another upward pressure.
all indicators on daily and higher timeframes show bullish signs and I don't see any excuse price drop below my baseline unless a liquidity trap.
at the moment we may see more range move however price can close above neckline around 1920$ and go upward with no significant correction.
so if the price closed above our neckline we can expect more upward pressure at this scenario our target would be above 2050$. (on the chart)
Enjoy the market
Trade attivo
price touched my key support area and still this area is important to hold the price. let's seeTrade chiuso: obiettivo raggiunto
my key support area tested properly, still price can move into this area depends on BTC next move however this area must hold up the price for next bull trend wave. lets seeTrade attivo
more consolidation still may keep on but closing above the neckline means more upward pressure.Trade attivo
closing above the neckline
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