I have been doing a lot of shitcoin analysis. It is time I show case HTF BTCUSD.
1. We are stuck in a range 100040-100185 2. Weekly is closing, bull need to push above 100185+ for me to remain bullish, if we turn from here it would be lackluster. A huge loss of momentum. 3. BTC is at the end of a run way, decisions needs to be made, which mean volatility is ahead of us, maybe hours or days ahead. 4. I am a bull long term, but right now, it is 51/49 Long vs Short direction. I am slightly bullish directional biased. 5. If we were to close above 100185, then the next level is 100400, 11000, 14000, and 19000.
I will keep this idea up to date. Like if you want me to keep updating this post.
Thanks, Crypto-thrones
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Looks like we lost the momentum upward. I think a healthy pull back to 9770 area and find support then continue higher. This would be the most bullish scenario.
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We are inside a new trading range. Breaking above this new range 10500, I am a full-blown bull to upward of $14000.
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Bearish Divergence on H1 chart.
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Quick update on BTCUSD
You can call it cup and handle or you can call it falling wedge. Both are bullish pattern. Short term bearish direction, long term bullish. Key areas of support are around 9300-9400, 8900-9100.
10K is a psychological barrier for the bulls, and will remain one until we break through that level with volume and price action. Right now is time to accumulate.