Consensus meetup coming to an end, with a mysterious downtrend happening all week, weve formed a nice falling wedge/bull flag.
If it completes it could be the saving grace everyones been looking for.
It would beging to set off a domino effect of bullish formations including the Cup and Handle ( green ) and a massive Adam and Eve ( blue )
The stoch RSI has x2 bottomed on the daily, a pattern that has consistently produced a large move up in the past.
Weve got a very nice support level around 8000 and when it did break momentarily, was absorbed quite well.
This could be the moment we've all been waiting for, but lets not pop the champagne yet - theres plenty of bear evidence as well. This is just one side of the Bitcoin
If it completes it could be the saving grace everyones been looking for.
It would beging to set off a domino effect of bullish formations including the Cup and Handle ( green ) and a massive Adam and Eve ( blue )
The stoch RSI has x2 bottomed on the daily, a pattern that has consistently produced a large move up in the past.
Weve got a very nice support level around 8000 and when it did break momentarily, was absorbed quite well.
This could be the moment we've all been waiting for, but lets not pop the champagne yet - theres plenty of bear evidence as well. This is just one side of the Bitcoin
Comment:
Lower TF
Comment:
Breakout - 8850 inc