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sebastianjohansen
Feb 11, 2022 12:10 PM

BTC healthy 

Bitcoin / TetherUSBinance

Description

BTC give RSI and falling wedge breakout and makes bullish jump, it seems to hit a resistance line at the neckline for a H&S pattern on the D1 chart. Last time BTC breakout RSI it went up, corrected and went up again as indicated by the red and blue boxes from August last year. I expect BTC to bounce off the support line, maybe consolidate a bit while liquidity enters market before we see it jump to the resistance for another retest. RSI is bearing on D1 chart hence why I think there will be consolidation/correction. 42K is a good price to pick BTC or any alts. Coins like EOS which are at ATL in BTC pair will be good to pick when BTC is at 42k.

Trade between the lines, trade safely.

Comment

Breaking neckline will open path to 51k
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