Rising wedge , rising channel , bearish divergence, possible H&S print...how long will it take for bears to take over again? There is still a chance on a short squeeze + bullish cross on the weekly macD so if we fail to dump a last touch of the wedge resistance at 7500-7700 could play out too.
Once and for all, dont trust them
Bubble phases projected on NFLX 3W. Time to #shortthebubble?
It looks like BTC is forming a double top, again. If we break this small channel we will likely test 0.786 fib and make a double bottom.
What we see is a similar patern that took place in the dip from 9.8K - 8.3k. An inverted H&S formed and BTC broke out of a falling wedge but turned out as a bull trap before a further drop to 8.3k. Now, we are making the right shoulder of the bigger H&S with again an inverted H&S and a breakout of a falling wedge but it will likely become a bull trap again and...
It is a very busy/stressful time for us, the cryptotraders. Checking the charts 100x a day, setting alarms, and so on. Yesterday, BTC -5.76% had a pullback from 7.6k to 8.6k and is now dumping again. This leaves a clear ABC Elliott Correction wave. BTC -5.76% is now making the C wave to the (like i mentioned in my previous chart) possible bottom of 6.8k-7.2k. A...
going below this trendline would suck for all of us LOL my first TA published here btw