BTCUSDT 4H - Bull Flag & Pole Breakout + Potential IH&S - ~90k
Flag & Pole would place target at ~90k.
Potential IH&S and retest of previous resistance trendline (now support) seem good Long entries.
Several similarities with the end of February:
- RSI trendline breakout
- Long term support trendline test (purple)
- TD Sequential Buy Setup
Nota
Some consolidation, but original TA still in play, the only potential invalidation point I see would be a sustained breakout below the purple trendline.
TD Sequential flashed another buy setup after recent minor pullback, followed by trendline breakouts for both price and RSI.
Nota
Zoomed in view of current key areas and invalidation for this TA. Looks like we might finally be seeing a takeoff.
Nota
Still very significant similarities with the move at the end of February. I am more and more confident with the TA, and expect the pump to resume after some more sideways consolidation. Still targeting high 80s / low 90s when the move is fully developed.
Nota
Potential ascending triangle forming, if this keeps mirroring previous moves I expect an upwards breakout to generate a ~10% pump. Still long, still strong :)
Nota
Quick update with added target, getting closer and closer, a breakout on Monday doesn't seem unlikely at all.
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