Guys, bitcoin is likely to move to 3500-4000 in the nearest future. We just broke the powerfull support level.
Comment:
The last small green pennant was broken to the upside and now is consolidating aobve the upper pennants border. This doesn't mean much by itself as the trend remains bearish. We can see some bullish pullback to the area of 10k and then the trend will most likely resume:
Comment:
Upside thrust came to an end as no continuation followed. Price made a false breakout. This reinforces the overall analysis:
Comment:
half way through...
