BTC - EMA 12 on monthly which has be support through out the history of bitcoin is now testing as resistance.
Break above this ..festival
rejections here .. solitude
NVDA buy signal targeting 270
1. Weekly inverse H&S about to break. Need weekly confirmation on break
2. ema 12 and 26 crossing.
once both the above happens.. its a buy for NVDA
SHOP is a buy at this level.
1. Inverse H&S breaking ... need weekly close above 45.5
2. ema 12 and 26 about to cross.
Once both these are confirmed its a buy
AMZN is consolidating from close to 232 days. It is at the lower bottom of the channel. so it is a prefect place to long AMZN as we have nice stop loss target as 3000 round figure
Ethereum on BTC chart is doing backrest on the inverse H&S.
Also EMAs bullish crossover is happening.
I think this is the best case scenario for ALT coins.
BTC is in bullish pattern as it completed inverted head and shoulders and break out upwards... It currently came back to retest the head and shoulder neck line which is as per books.
Now we have to see up wards moment and not beak the neck line on weekly.
So far it played well by holding at 10400.
No change in opinion from the pattern posted on Sept 3rd. Extremely bullish on BTC.
It clearly broke bullish on weekly head and shoulder and retesting now.
Unless we loose the Head and shoulder pattern its a bullish chart.
Also on Hourly time frame it broke bullish
As tech started consolidating XLF broke the equilibrium upwards which is positive for banks and laggards depending on govt support... airlines, hotels, cruise liners etc
BTC weekly once again closed above our support of 11555.55 for the fourth time in a row ...
On daily it broke way below 11555.55 but on the last day of the week bulls managed to close above.
It looks like BTC is eating time of the close to reach moving averages and then move up higher. I am happy on my long term BTC position as long as weekly does not close...
