Hi everyone!
We have an interesting confluence of patterns on BTC/USD.
First, we have a bullish pennant pattern, so we can project the price according with the resistance breakout.
Second, there is an imbalance zone or price inefficiency that has not yet been mitigated, so the price will probably go to balance this area.
Third, the elliot wave pattern coincides in the formation of the fifth wave.
So, this confluence of patterns looks interesting.
All the best, traders :)
We have an interesting confluence of patterns on BTC/USD.
First, we have a bullish pennant pattern, so we can project the price according with the resistance breakout.
Second, there is an imbalance zone or price inefficiency that has not yet been mitigated, so the price will probably go to balance this area.
Third, the elliot wave pattern coincides in the formation of the fifth wave.
So, this confluence of patterns looks interesting.
All the best, traders :)