As always, simple and stupid.
Think BTC is currently trading at the lows of shown downtrend channel. I won't rule out another stop hunt/bear trap below 54-56k (MAX 52k) BUT if we see a quick recovery above 60k and hold here for a while (max 2-3 days), we should see it breaking out of this channel coming weeks.
Stay safe!
Think BTC is currently trading at the lows of shown downtrend channel. I won't rule out another stop hunt/bear trap below 54-56k (MAX 52k) BUT if we see a quick recovery above 60k and hold here for a while (max 2-3 days), we should see it breaking out of this channel coming weeks.
Stay safe!
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Looked good, failed miserably. Like I said, I won't rule out another stop hunt below 56k coming hours/days. Basically would mean touching the lower channels support.
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Still looking weak heading into the weekend. Not quite what you want to see. So chance we see another drop towards ~56k next week becomes more likely. To the upside 60.5-61k needs to get taken out but the higher, the better obviously. Don't dare to predict what happens next, for me it's 50/50 at this point.
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So someone decided to make bTC go :) Good to see, as I said, it looked weak few hours ago, so I gave it a 50/50 chance. Now we need to see some strong continuation leading into fridays close.
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Wow, BTC pushed against the upside of shown downtrend channel and already broke above. This is looking VERY good. Still think we will see a quick retest of 61-62k next week, so don't fomo here if you are sidelined :)
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So far following the line, altough BTC immediately broke above the channel it slipped and dropped back inside of it yesterday, which is not that good but as long as 60k holds there is a chance we will break to the upside coming days. Overall market is looking weak though. IF 60k fails to hold we must assume 57k was not the bottom and we might go lower. Think then we will see another hard drop to 53k even.
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Absolutely zero reaction of the monthly open... zero buyers. Either we squeeze hard from here, or nuke.
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Now there is some movement. If this touches 64k or higher, good chance the pullback is over. If so, my squiggly line played out almost perfectly :)
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No bueno. Dumped to monthly open again, which is not good. But heading into the weekend, so I will wait and see how price behaves next week.