BTC pumped in 7 March coz it was creating huge bearish 12hr ascending triangle, price climbing by many rising wedges and symmetric triangle, the pattern should be successful.
In my previous idea, I was wrong coz I thought 45k is coming first coz sometimes in ascending triangle the price trying to enter back the triangle but BTC created above the resistance (44.5k) triple top at 47k and last warning of bearish was when BTC breaking out the triangle at 43.5k.
So, according to this bearish pattern there’re two failure levels one at 41K & 2nd one at 36.9k, the start of the rise 25 February & 7 March.
Not financial advice,
In my previous idea, I was wrong coz I thought 45k is coming first coz sometimes in ascending triangle the price trying to enter back the triangle but BTC created above the resistance (44.5k) triple top at 47k and last warning of bearish was when BTC breaking out the triangle at 43.5k.
So, according to this bearish pattern there’re two failure levels one at 41K & 2nd one at 36.9k, the start of the rise 25 February & 7 March.
Not financial advice,
Comment:
My chart looking like a gaming battle by lasers everywhere bulls/bears fighting lol, I hope you get my idea through all these lines. Patterns are stronger than your oversold RSI. Specially for 12hr patterns. If you’ve buy confirmation indicator then you should find 12/6hr buy Signal to enter safely into long position.
Comment:
Failure 2 should be 35k at the start of the rise, BTC may create daily double bottom to send BTC to the moon.
