Bitcoin BTC

Jul 9, 2021

This seems like a very likely scenario on the 30-minute chart. Let's see how it plays out!

Jul 9, 2021

Note

Keep in mind, this is a short time frame. On a longer time frame, we are on dynamic support, I will do a post on it tomorrow! I am simply pointing out the patterns.

Jul 9, 2021

Note

Although this does seem to be invalidated, this is not too much of a surprise given the way BTC has been ignoring bearish patterns the last 2 weeks. It is ignoring them again for now but it will catch up. 35k will be the mark. If it breaks that strongly, there has likely been a trend reversal and I will reevaluate, until then, I expect a surprising drop.