Bitcoin moves in a beautiful descending channel. Look at how relevant is the middle line of the channel. Especially on lower timeframes
If we reach the top of the channel, that's going to be very interesting. If we don't get rejected there ... Actually this is looking like a giant Bullish Flag with a minimal target of 15k!
Right now we have a doji candle at the top. If we close the 12h candle at current prices, it can be the local top and high chances of a pullback to the middle line of the cannel and then more upside.
We have incoming bullish cross between 9 EMA & 50 EMA on the 12h. The last time when they crossed in a bullish manner it was in February of this year. Now we are on the verge of getting it again (~ 36 hours away).
Also what should excite you the most is the fact that we developed Adam & Eve pattern: sharp and deep first bottom on high volume + gentle rounding formation (second bottom). The same pattern formed the low of 2018 bear market!
It would be funny if the same kind of bottom reverses the market before getting to the desired by the majority 8-8.5k area. Just like it did in December 2018 when the majority was waiting for 1k prices.
If you like the idea, please, hit the Like button and subscribe to the profile in order not to miss our updates.
The information given is never financial advice. Always do your own research.
If we reach the top of the channel, that's going to be very interesting. If we don't get rejected there ... Actually this is looking like a giant Bullish Flag with a minimal target of 15k!
Right now we have a doji candle at the top. If we close the 12h candle at current prices, it can be the local top and high chances of a pullback to the middle line of the cannel and then more upside.
We have incoming bullish cross between 9 EMA & 50 EMA on the 12h. The last time when they crossed in a bullish manner it was in February of this year. Now we are on the verge of getting it again (~ 36 hours away).
Also what should excite you the most is the fact that we developed Adam & Eve pattern: sharp and deep first bottom on high volume + gentle rounding formation (second bottom). The same pattern formed the low of 2018 bear market!
It would be funny if the same kind of bottom reverses the market before getting to the desired by the majority 8-8.5k area. Just like it did in December 2018 when the majority was waiting for 1k prices.
If you like the idea, please, hit the Like button and subscribe to the profile in order not to miss our updates.
The information given is never financial advice. Always do your own research.
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🚀💰 REGISTER HERE AND GET UP TO $30,000 WELCOME BONUS -> partner.bybit.com/b/cryptobullet
Twitter link: twitter.com/CryptoBullet1
