After Shaking out weak hands, the strong hands are interested in higher prices for Bitcoin, it has been tested here for multiple times and there are a few bullish signs
1. For most of the range, The price stayed above the fib 0.5(dashed line)
2. The price rises faster than I drops
3. The tests have passed successfully showing the market prefers higher prices now
P.S
If the range will fail to bring higher prices, BTC is going to drop hard (macro H&S on monthly)
1. For most of the range, The price stayed above the fib 0.5(dashed line)
2. The price rises faster than I drops
3. The tests have passed successfully showing the market prefers higher prices now
P.S
If the range will fail to bring higher prices, BTC is going to drop hard (macro H&S on monthly)
Trade closed manually:
The range has turned into a bearish triangle, you shouldn’t enter
Trade active:
Keep the chart on you watchlist, there’s still a chance for a reversal, the price is in a very critical phase right now:
-if it crosses the top of the range: bullish range all the way up
-if it crosses the bottom of the range: a very strong crash
-if it crosses the top of the range: bullish range all the way up
-if it crosses the bottom of the range: a very strong crash
