BTC just retested an upward trendline. After such a strong move over the past month and a half, I'll be watching closely to see if it breaks down below this trend line to the previous short down trend line.
If we break the trendline down, for me tp1 is the daily 50 ema (~40k) and tp2 will be retesting the last trendline (~29k).
Anything below 28k and 20k is fair game again
If we break the trendline down, for me tp1 is the daily 50 ema (~40k) and tp2 will be retesting the last trendline (~29k).
Anything below 28k and 20k is fair game again
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30min
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update with the 4hr
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Looks like 4hr 200ema held as support.
On the daily, there's some resistance here from wicks a few days ago and price action before the peak.
I'll look for it to break up over my trendline before going fully bullish
On the daily, there's some resistance here from wicks a few days ago and price action before the peak.
I'll look for it to break up over my trendline before going fully bullish
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Retested trendline, i see more down movement from here
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extended trendline, heres 4hr view
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ATH marked with green horizontal line
4hr chart