Btc still consolidating inside a bull pennant

2 Jun 2023

I think worst case scenario for bitcoin (barring any major black swan) is that it corrects back to this pink neckline of this inv h&s pattern then the 1 day 200ma (in blue) helps push price action up out of the yellow bull pennant..so I placed my guesstimated measured move target for the pennant right where the support of the inv h&s neckline (in pink) intersects it. Could certainly still break above it earlier. *not financial advice*

28 Jun 2023

Catatan

Appear to have broken it earlier from the yellow pennant than I ad arbitrarily placed the measured move yellow dotted line at on the chart, slightly raising the yellow breakout target to around 38k-40k.

28 Jun 2023

Catatan

Likely it could consolidate after reaching the pink inv h&s breakout target before continuing up to hit the pennant target.

11 Nov 2023

Catatan

Both targets now hit!