dnobel

BTC Still looks bullish to me but not before visiting 8400 again

COINBASE:BTCUSD   Bitcoin
Just now after thinking things over for a bit this triangle that we are forming atm and EVERYONE is looking at looks to me at least so much like something that COULD be being manipulated so people expect a upside break, enter long on such break and then get liquidated by BTC visiting the 8400 level once again that in my opinion should act as a support at least once again before BTC can take off. In such scenario 8200 and 8000 seem like other reasonable downward levels that could (and probably should) be touched so they act as a support and BTC takes off once again continuing its bull push upwards.

The rectangle is formed from the previous top and and a fib level, that was touched 2 times before the price went into the triangle that everyone is looking at atm, the other price levels indicated by straight (either dashed or not) lines are old ones that seem to be playing out nicely once again. I've placed them taking in mind all the times BTC was around those levels, before/after the bull run. The thiccc white trendline is the upperband of the downwards channel we were in.
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