1. Bull Pennant
2. 3MA Contraction (2H-), Bollinger contraction
3. RSI/Stoch/+, Overbought (1H) >Uptrend (4H) > Undersold (Daily)
4. MACD contraction and Bullish crossover, signal & zero line (4H-), possible bullish divergence
5. Cloud support (1D), Possible breakout through Red cloud
6. Volume contraction, buildup period
Breakout is possible due to RSI/Stoch and MACD trends. Cloud support on the daily, and cloud breakout on hourly, coupled with strong contractions signals a big move.
Watch for mini pennant breakout, possible entry at 1150. It could continue to bounce within major pennant until breakout around 1/12, but a major move is likely sooner rather than later.
XVGBTC
* (4H-) means anything on the 4 Hour or lower (4H, 3H, 30min, etc.) time frame.
2. 3MA Contraction (2H-), Bollinger contraction
3. RSI/Stoch/+, Overbought (1H) >Uptrend (4H) > Undersold (Daily)
4. MACD contraction and Bullish crossover, signal & zero line (4H-), possible bullish divergence
5. Cloud support (1D), Possible breakout through Red cloud
6. Volume contraction, buildup period
Breakout is possible due to RSI/Stoch and MACD trends. Cloud support on the daily, and cloud breakout on hourly, coupled with strong contractions signals a big move.
Watch for mini pennant breakout, possible entry at 1150. It could continue to bounce within major pennant until breakout around 1/12, but a major move is likely sooner rather than later.
XVGBTC
* (4H-) means anything on the 4 Hour or lower (4H, 3H, 30min, etc.) time frame.