BTC is in a Long neutral ....... is Ready to Brake a apparent weak supply zone, is between $58100 and $60000, if BTC break hard 60K it cam reach 61K and 63K but if not pass 60K with power then turn down to Sell if Turn down in 57K and 56K, if brake 60K can reach 61.5K if brake 64K can reach 65K and rejected in that area forcing sideways or down the price.
BITCOIN INVERSE H&S TARGETING ALL TIME HIGHS AND 4HR BULL FLAG BREAKOUT ALSO POINTING TOWARDS MORE UPSIDE TO COME
OUR ALGO ALSO ISSUED A BUY SIGNAL LAST WEEK
CHECK SIGNATURE FOR MORE INFO
Hourly Chart: Expanding Triangle(Bearish)
Daily Chart: Bearish Flag + Doji followed by confirmation Candle at 0.618 Fibonacci level. (Bearish)
Weekly Chart: Closing below Flat Top triangle for 2 weeks, and Bullish Engulfing after a Spinning Top and confirmation. (Neutral-Bullish)
Monthly Chart: Spinning Top after 13 months of Parabolic price move.
Change in...
some consolidation but exponential phase yet to come
trend development can be divided in start phase, acceleration phase and an exponential phase, we already got a very long start phase and currently ended the acceleration phase of bitcoin, this gets way clearer on 4 hr timeframe, im so far assuming exponential phase is yet to come,
this is also fitting...
Bitcoin failed to close above its 50EMA and the most probable scenario could be another down leg to 41k.
Bitcoin was 63800 when I said history could repeat itself and compared the Coinbase IPO to Emil Oldenberg selling all his bitcoin indecember 2017.
Bitcoin is experiencing a slight resurgance after the longterm bull momentum died. This is just temporary. When taproot signalling starts next week the bear market will continue. There is no telling how long it will be but i personally think it will be permanent. But lets see.
Meaning:
A single instance does not indicate a trend.
The fable related to the expression goes something like this:
A young man spends all his money on gambling and luxurious living until he has just the cloak on his back to keep off the cold weather. Seeing a swallow fly past on an unusually warm day, he concludes that spring has come and sells his cloak in...
