Our scenario hasn’t changed much today. Most USDT pairs are forming either a bull flag or pendant. Some coins like ZIL and ICX have already broken out of this formation to new highs. ICX raising about 4% from its previous high and ZIL raising about 10%. These could be predictive of BTC and other USDT pairs eminent move.
For BTC the upwards pressure is so extreme it is not even retracing fully to the bottom of its bull flag, rather it is hovering near the top - making consistently lower lows on the 12 hour time frame.
It is possible BTC could have one more downward movement to 4800 but it seems more likely it will continue in this tight range before violently breaking up. Our current targets are 5600/6500.
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Signal Tool: signalgroups.com
Telegram: t.me/coinandcrypto
If this idea was helpful to you please like it or comment below! Your feedback is what keeps us sharing!
For BTC the upwards pressure is so extreme it is not even retracing fully to the bottom of its bull flag, rather it is hovering near the top - making consistently lower lows on the 12 hour time frame.
It is possible BTC could have one more downward movement to 4800 but it seems more likely it will continue in this tight range before violently breaking up. Our current targets are 5600/6500.
----
Signal Tool: signalgroups.com
Telegram: t.me/coinandcrypto
If this idea was helpful to you please like it or comment below! Your feedback is what keeps us sharing!