1. Asc wedge, followed by H&S, then BBB (Bye Bye Bitcoin)
We have a very nice ascending wedge on the daily, marked in yellow,
If the wedge plays out (orange curve) then we will achieve the area where the huge H & S get confirmed.
Once H & S is confirmed BTC will (free) fall in the area 6.9 / 7.1 or below.
I'm curious if this will happen.
The only chance for the bulls to escape is to go upwards ... NOW and QUICK
If the wedge plays out (orange curve) then we will achieve the area where the huge H & S get confirmed.
Once H & S is confirmed BTC will (free) fall in the area 6.9 / 7.1 or below.
I'm curious if this will happen.
The only chance for the bulls to escape is to go upwards ... NOW and QUICK
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And - btw - if the daily candle will close in this area we have an evening doji star, means trend reversal in an upward trend.
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...and a good chance to touch MA 50 again - currently at about 7.3, you can see it in the chart.
It‘s a long time ago and hence very overdue to get in contact with MA 50
It‘s a long time ago and hence very overdue to get in contact with MA 50
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idea unvalid - bulls escaped to the north .. ;-) .... at least for the time being - until they will met the Night King there...
New ascending wedge already build and instead of H&S now I guess it's a huge symmetrical triangle wich will break down in a few days.
I'm still convinced we will see BTC under 7k in near future - maybe even under 6k.
New ascending wedge already build and instead of H&S now I guess it's a huge symmetrical triangle wich will break down in a few days.
I'm still convinced we will see BTC under 7k in near future - maybe even under 6k.