I sold all my bitcoins last week, anticipating this moment. What we are witnessing here is a consolidation point. There are three structures that could drive the price down to 28K and three structures, including a well-formed bull flag, that could take us to 47K.
The intriguing aspect here is the presence of a symmetrical triangle that could cancel all the bearish structures, once again pushing up the price.
catalyst events:
Delayed bitcoin ETFs
Released Bitcoin ETFs
The intriguing aspect here is the presence of a symmetrical triangle that could cancel all the bearish structures, once again pushing up the price.
catalyst events:
Delayed bitcoin ETFs
Released Bitcoin ETFs
Trade active:
The flag exit is confirmed, now the target for the flag is 46195, confirming the symmetrical triangle and converting this in a continuation of the bull trend, cancelling the targets to the down side
