Here an idea that Bitcoin might be forming a big pattern with some ups and downs.
Scenario A: Ideally we will go up from here, get rejected at the extension of the top of the big blue triangle, create a lower low below $5755, and thus create a on the and . Then we can start our journey up with some ups and downs to finish forming the cup.
Scenario B: We take the shortcut and go down sooner than expected to created the divergence mentioned in A. Otherwise same trajectory afterwards as in A.
Curious about your thoughts in the comment section below.
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Happy trading! =) fiki
*** The information provided here is no recommendation to buy or sell. It's just an idea for educational and discussion purposes. ***