BTC held the 618 on this leg, and has made a new impulse Wave #1. We also closed above the 21D EMA (red).
The flag target is about 35,100. After wave 2 consolidation, we should head up through the rest of the volume node we are currently in (gray area).
We are also above the 200 SMA, also bullish. (not shown)
It's possible the MM's try to pull a liquidation hunt down to touch the yellow line at some point, so I have included a second path to keep this on the radar. Stay sharp!
Invalidation for me is breakdown that goes below the yellow TL.
The flag target is about 35,100. After wave 2 consolidation, we should head up through the rest of the volume node we are currently in (gray area).
We are also above the 200 SMA, also bullish. (not shown)
It's possible the MM's try to pull a liquidation hunt down to touch the yellow line at some point, so I have included a second path to keep this on the radar. Stay sharp!
Invalidation for me is breakdown that goes below the yellow TL.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.