BTC price is going off the reservation here, we could be starting to form a new pattern. This is a breakout of a descending triangle on the 4h (lower significane) and its towards the end of the pattern where you can expect some squeeze that leads to volatility..
A breakout here is on the lower odds side of things, but market don't lie, so lets see if it can close on the daily. There is an aggressive trade here for myself to enter on the 4h... not sure if I will take it!
MY PREDICTION = haha, well if we close above this trend line it indicates price wants to move up, I think we test 36k, otherwise I'm honestly not sure where we are going.
There's a lot of bearish gravity, but this break on the 4h is significant.
Shoutout to todays trading view ideas = @TradingShot, @Paul_Varcoe, @P_S_trade
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
1:45 = BTC breaking out
3:50 = BTC 4 hour
4:15 = Ascending triangle?
7:37 = jumpscare
7:50 = BTC 1 minute
13:00 = Attempted prediction, but no
15:20 = @TradingShot - a really good puells multiple graph
17:25 = @Paul_Varcoe
19:10 = @P_S_trade
19:30 = Closing words
A breakout here is on the lower odds side of things, but market don't lie, so lets see if it can close on the daily. There is an aggressive trade here for myself to enter on the 4h... not sure if I will take it!
MY PREDICTION = haha, well if we close above this trend line it indicates price wants to move up, I think we test 36k, otherwise I'm honestly not sure where we are going.
There's a lot of bearish gravity, but this break on the 4h is significant.
Shoutout to todays trading view ideas = @TradingShot, @Paul_Varcoe, @P_S_trade
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
1:45 = BTC breaking out
3:50 = BTC 4 hour
4:15 = Ascending triangle?
7:37 = jumpscare
7:50 = BTC 1 minute
13:00 = Attempted prediction, but no
15:20 = @TradingShot - a really good puells multiple graph
17:25 = @Paul_Varcoe
19:10 = @P_S_trade
19:30 = Closing words
