We hit the upper Bollinger band on the hourly but that was just a short term top is my guess.
It's looking like we came back down to retest the yellow horizontal which has been in play numerous times as a ceiling or a floor over the last several weeks. it appears we got support and bounced back upwards.
My guess is we flag out and then proceed upwards towards that $120.5k breakout target measured from that inverse head and shoulders we just ripped out of.
🪶
Great analysis
Turned out to be arrow splittingly accurate based the screenshots I have been able to grab today. Not only did it play out this way, things I thought might happen but didn’t mention happened which was even more confirmation that I actually learned a thing or two in the last 5 years practicing TA.
Same orange circle and bounce underline as the last image, just shifted from the 1 hour candles to the 15 minute candles.
We flagged out (red and blue pennant shape) like I guessed.
We've broken out of that continuation pattern and we're continuing to make progress up towards the $120.5k inverse head & shoulders target called out earlier.
🪶
