BTC has been in an uptrend channel since dec 18th when it made a reversal.
on jan 29th it broke to the bullish channel which has been highlighted with the purple dotted line leaving us with two scenarios after a pullback on the 5th of February .
scenario #1 is a correction which will come shortly as we are facing a bearish divergence right below the resistance to the bottom of the green channel highlighted on the chart before retesting the resistance again.
scenario#2 is a breakdown of the green channel which in that case we are in a head and shoulder formation set up with the main support being the 8187 green support zone.
the safe range for alt-coins has been highlighted on the chart as and parabolic behavior will set any alt trades in decline or breaking below the purple dotted channel.
the best recommended Alts for this set up has to be TRX,VET, NEO, XRP ,ADA.
Don't forget to drop your likes, and for more amazing alt trades join our free telegram channel posted in the bio.
on jan 29th it broke to the bullish channel which has been highlighted with the purple dotted line leaving us with two scenarios after a pullback on the 5th of February .
scenario #1 is a correction which will come shortly as we are facing a bearish divergence right below the resistance to the bottom of the green channel highlighted on the chart before retesting the resistance again.
scenario#2 is a breakdown of the green channel which in that case we are in a head and shoulder formation set up with the main support being the 8187 green support zone.
the safe range for alt-coins has been highlighted on the chart as and parabolic behavior will set any alt trades in decline or breaking below the purple dotted channel.
the best recommended Alts for this set up has to be TRX,VET, NEO, XRP ,ADA.
Don't forget to drop your likes, and for more amazing alt trades join our free telegram channel posted in the bio.
VIRES IN NUMERIS
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Trend Breakout architect
—> join my free telegram channel ✅🚀✅🚀✅🚀
t.me/cryptosanction
🦦🎢👍🏻
Trend Breakout architect
—> join my free telegram channel ✅🚀✅🚀✅🚀
t.me/cryptosanction
