Hey everyone, today will be a short update with a focus on BTC-USD on Coinbase. I’m mainly reiterating a part of my strategy and the fact that I’m testing a lot of different methods at the moment in my quest to throw out the bad and maintain the good.
The markets are consolidating i na tight range, BTC’s next move will be telling of the overall direction fo this market within the next few days. I personally expect a breakout to the upside, but we may get a minute pullback to 11180 - 11300, due to the formation of an ascending wedge. The cup and handle pattern and possible ascending triangle as well as the near completion of the reverse head and shoulders pattern(s) easily outweighs the short term ascending wedge, however.
That's all for this update, have a great week everyone :D
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Useful videos related to today's update:
Trader Branden Kelly’s Youtube Channel (pioneer of the moving averages and specific time frame system that I use):