bitcoin chart is forming bilateral symmetrical triangle Symmetrical triangle can either be bullish or bearish, Symmetrical triangles form when the price converges with a series of lower peaks and higher troughs but if we look BTC daily and 4hr chart, then overall trend is bearish So there is more probability that bilateral symmetrical triangle can break down....
NFA, DYOR.
There's a greater odd that bull market is not over. Dont get shaken out.
bitcoin is facing resistance level at 60k , wait for the price to close above...and take a suitable entry after it
I called the top_ using Pi Cycle Indicator Now I dare call the bottom Hyperwave theory in its best !
according to negative trend line, bitcoin looks negative and weak. if you want to take new holding take stoplose till red boxes. #btc #bitcoin #chart
If resistance is broken then you can see a retest and target hit . Market sentiment must be bullish (no news) Cup and handle + Resistance break
BTCUSD is looking for a great buying opportunity to take the move to the upsides after forming descending channel on 4h . Best time to get in before reaching 60k!
Has broken 100 ema yday which was long resistance now acting as support. look for break out and short or long with first supp or resistance as targets
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Comparing BTC bull run of 2013-2017-2021.. In every bull run BTC after making a top BTC is settling below 0.78 Fibonacci level, at the same time RSI also gets accumulated, so there's a good chance that BTC may follow the same!! Question is how do we know its a top ? - currently if may month candle closes bearish, then evening star formation will be validated ,...