BTCUSD - BITCOIN seeing strength?
2024-09-19

Good day traders!

Alright. For BTCUSD I'm still seeing the same pattern, however things are starting to look a little more optimistic. The pattern that I've been discussing for weeks now is the series of lower highs and lower lows. Once we break this pattern, then we can start to talk about that move to ATH and ~$85k above ATH.

We NEED to break  FWB:65K  and ideally with above average volume (which I did not discuss in the video). We need a breakout with volume to get some gas in the tank so to speak.

If we can do that, it simply increases confidence in the bullish scenario. There's never any certainty in the markets, but from a pattern perspective, we have to break the pattern in order to gain confidence in the next move. Break the pattern to the upside, I believe we'll see new highs. We have yet to break the pattern to the downside, but that is not off the table. I'm simply saying things are looking better from a bullish perspective  at this time .