After breaking down from H&S pattern, Bitcoin managed to bounce from $30,000 level and retest the neckline, where strong rejection came in.
Now, Bitcoin moves in an ascending wedge pattern. I expect it to hit mid level of 50-51k and then break down from it.
In order to take out the new highs, Bitcoin would need to close higher than the previous high at $53,400.
Now, Bitcoin moves in an ascending wedge pattern. I expect it to hit mid level of 50-51k and then break down from it.
In order to take out the new highs, Bitcoin would need to close higher than the previous high at $53,400.
Comment:
US and European stock markets are falling, watching the support line closely
Trade active
Comment:
Broke the support line and now moving upwards to test it.
$46,000-$46,500 is a key level.
$46,000-$46,500 is a key level.