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allkrystals
Jun 25, 2019 8:04 AM

BTC-USD Next steps... 

Bitcoin / United States DollarCoinbase

Description

Blue channel- longterm channel - bullish if break over top line.
Yellow line - BTC is touching this midterm channel right now. If break = bullish (short term bullish until resistance).
Green ascending triangle - BTC broke out of this bullish formation few hours back, and is forming >>
>> Red rising wedge - bearish formation, may indicating pullback.
Dark blue horizontal lines - Long term (since y.2018) resistance (11650-11750 USD) - megabullish if close above.

Comment



Possible Bulls/Bears scenarios.
Comments
Trend_Sniper
Is breaking every bearish pattern, is just catching a bunch of FOMO buyers to PLUNGE
Scygon
Good analysis. This is exactly what I've been seeing also.
allkrystals
@Scygon, Thank you.
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