Currently remaining neutral while expecting a big enough move in either direction to either retest the triangle resistance around $9,000, or continue moving downwards towards the bear channel
support around $7,500, likely followed by a bear flag
breakdown to $6,500. Bitcoin
notably got rejected by the 200 Day MA on yesterdays closing candle with current support llined up at the 100 Week MA around $7,750, followed by the 50 Week MA at around $6,750.
with bullish divergence
in tact but enough room to move down to $7500 with ease.
momentum and still in the negative.
is barely positive. Overall, slightly bearish
Repeats History? Monthly TD
Sequential Red 1 (Part 6)
Measuring The Move of the Descending Triangle
Breakdown (Part 2)
BTCUSD: Is Bitcoin
Forming A Bear Flag