BTC: Short-term potential driving force

Updated

This is an update of my previous idea linked below.
Two bullish dragon patterns (the smaller one was introduced in the previous idea) have been detected and still haven't been invalidated.
If the price at least holds on to the support (green dotted line/gray boxes), we may be able to eye on long targets shown as red boxes.
However, any bullish movements would faint shortly with the macro downtrend likely to persist.

The scenario will be invalidated when the support is broken.
In this chart, all geometries are automatically calculated by a script of my made. Reference only.
Note
snapshot


Bullish momentum.
Note
snapshot
update.
Note
see also this idea:
BTC short-term long opportunity?
bullishdragonChart PatternsTrend Analysis

Also on:

Related publications

Disclaimer