This chart is interesting because as you can see NASDAQ:GOOGL has had a STRONG uptrend and continues to respect the trendline over time. on the other side we see that we have weakness in the near term and have breached the 50ema and the shorter term EMAs have crossed. If the trendline is broken we can look to short under $139, if we see a bounce materialize here...
Although BTC seems to be shying away from my 4100 target I did call the recent downside to 6k (within $90).
*Check last post for proof.
BTC is breaking out of the purple symmetrical triangle that tons of people tried to long and got REKT on.
If this daily candle can close above the purple trendline this is huge because I cannot see any higher
trend resistance.
I...
If BTC breaks down from the 6k support again I am anticipating a move down to the original trendline.
I've been calling the downside (and upside) not a crypto bear just playing the charts.
BTC has broken 1, 2, and 3 uptrends... Last long term uptrend is the last stand IMO. You could proly cheat it and draw some old extended top trendline or some sort of technical indicator to to anticipate an earlier bounce, but the chart doesn't lie. BTC headed for its long term uptrend. Not a crypto bear just playing the charts.
