Originally I was looking at this as a breakdown of a large considlation. Since 27k loss we have just went sideways in a symetrical triangle under old support. Howverr sicne bears have not taken advantage I’m looking at this more of a potential falling wedge rather then the breakdown of 27k being as bearish.
For now Btc contiues to hold 26.400 so to me until that gets breakevn and flipped to reistance we need to consider that Btc could retest this downtrsnifnupper reistance line which is 28,600 and ultimately 30k area reistance could get retest.
If Btc can reclaim27k we might get an explosive move up soon
Stocks have been holding ground while dxy pushing 104.6 resutance which in a sence is more bearish for crypto when dxy is pushing up but really haven’t seen to much follow through which is def interesting.
For now I’d say we play this symetrical triangle at this lower 26,400 support as an out
If we breach it downside and hold the. Flip short but we might be seeing more signs Btc wants to hold up here
27,200 is the symmetrical triangle breakout
28k is the previous uptrending supprt
For now Btc contiues to hold 26.400 so to me until that gets breakevn and flipped to reistance we need to consider that Btc could retest this downtrsnifnupper reistance line which is 28,600 and ultimately 30k area reistance could get retest.
If Btc can reclaim27k we might get an explosive move up soon
Stocks have been holding ground while dxy pushing 104.6 resutance which in a sence is more bearish for crypto when dxy is pushing up but really haven’t seen to much follow through which is def interesting.
For now I’d say we play this symetrical triangle at this lower 26,400 support as an out
If we breach it downside and hold the. Flip short but we might be seeing more signs Btc wants to hold up here
27,200 is the symmetrical triangle breakout
28k is the previous uptrending supprt