at 1st support and second target will be 44408.00 if we can close a candle below then second target/take profit at stop loss 1 atr using 1h time frame at 49600.00.
PUMP because i believe we are going to see a huge pump once we break major resistance that has been holding us at approx 59300-59500 so if we should break that major resistance with a candle close above we will see a all new bitcoin high of 70k plus, leave Ur comments and questions and if u find value in my ta then please share and like, thanks sha256bittrader
also we are now sitting in a large s.triangle and this pattern is a continuation pattern as you know we have been going down now for 24 hours and i believe its just begun the fall and i see a test back at resistance level of 58000 and then it will continue down ,if u want to take the short then wait till the bearish red candle closes below the triangle and then...
bitcoin sits at a 3 week bottom of huge s. triangle, shiba inu is going parabolic with huge news comming down the wire. anyway im neutral in which way bitcoin will break this huge triangle, we have had many fakeouts including the last one 3 days ago after elons tweet about selling his bitcoin so its anyones guess if we are going to see a 25k bitcoin or a 45.5k...
and we are in a rising channel that we have been stuck in for 4 days now consolidating between, so if we should break above channel with some good volume we have a target of aprox 37,500.00 after we broke out from a s.triangle this morning but have had no real volume for a pull through so just could be another fake out or more consolidation.
have to make a decision if we truly are in a bear cycle or was that just a huge correction , well i talk about the 1 of 3 outcomes that one or even two back to back will play out deciding the outcome because if bitcoin pushes to the upside i have a target of approx 50k and well above the 200-ema well at least on the 4h anyway, check out the small video going into...
