from here only up ..... next is 47000k...then this level will be tested again around 35k ...then next parbola will start....
just striking similarity in drop from 12.5k and 65k .....will recovery also follow ? all depends on this triangle...breaks upside goes upside...break down and 20k
Path A will take us to 20k and Path B wull take us to 47 k
bitcoin 2nd re accumulation updated potential ascending triangle . bottom may be between 11050 to 10900 . target of breakout will be 13900 :)
bitcoin 2nd re accumulation updated potential ascending triangle. bottom may be between 11050 to 10900 . target of breakout will be 13900 :)
11500$ is the last crucial level now .... weekly close above it and we will be at 14k :)
i feel btc will be ranging between 9300 and 10000 for new few days may be whole of auguest before final upwords breakout
falling wedge in play with daily hidden bull div ... it seems btc will take support at 8500 which may develop clear daily bull divergence and then journey to upwards starts ....
it seems btc is widening its trading channel,,,right now perfectly forming a acending triangle with enough fuel is reading to rocket throught 10k bcz of let shorts from 9800 and there is perfect hidden bull divergence is there ... next logical target is 12300 atleast ...thats is 2nd touch of upper resistance line. next 2-3 days are important
i think btc will move up for short term atleast ...
after more then month of chopping chopping game , btc finally getting ready for breakout ...in next few days btc will leave this ascending triagle ...hopefully towards 14k
bullish scenario for btc ...thats how it happened last time...and still we are officially didnt make LL . falling wedge with clear bullish divergence on 4 hr ...if we manage to close next 2-3 candles above 9000 . two setup clearly look similar ...last one took us to 10500 ..will history repeat ?
three arrows and triple tops has almost decided the direction of btc but when and where...target 1 or target 2 ? i feel target two has more chances
should hold red dotted line and take out 10200 sooner then later...otherwise its distribution pattern and going to take us to 6800 or even 6k