If and all btc holds above 45k for couple of days or for a week ... It can get a huge pump and have chances of a good reversal back to long!
I CONCLUDE BY SAYING BTC TRAVELLING IN THE GOLDEN RATIO!
It appears Btc / Bitcoin has broken down from the triangle formed on the daily and is currently retesting from it. invalidation will be- clear break of 53.3k resistance.
according to rsi we can see a divergence and a double top with nice volume and short term trend line is also broken, so i guess it can go down to ema 200 or even more further!
BTC made an inverted head and shoulder on the 4H timeframe, however, it looks like the
pattern has failed to breakout on the upside.
As long as the price stays in the range defined by the two green lines, we are good.
However, if we break below the channel, expect the alt coins nuke pretty hard.
BTC is forming a huge bear pennant on the 1h against USDT. When it breaks I'll probably go short. I expect a lot of previous support at the 38K -39K level but if that doesn't hold we're probably will be going to the mid thirties.
Would you guys short this if it breaks?
BTC is currently in a descending triangle after a bull run, it's repeating.
Yeah pretty self explanatory, idk about anything tho so take it with a grain of salt. Consider it an educational post about chart patterns maybe
Btc struggling to continue the uptrend. For long term btc is bullish for mid term it looks like bears might take control. Its better to avoid long positions follow strict stop loss. If bears take control can see 35k -30k region and even lower. If break above 48k then we are bullish and this bull run will continue!
Btc has shown a good upside momentum! I think this is a fake out ! Expecting a dump soon. If it hold above 32.2k it can continue the upward momentum. I think its a bull trap !
