we see that the btc has faced a big bullish momentum in daily TF.
the price broke the correction with a big volume at key entry point trendline ,above the 20MA
after the price break up the resistance area he come back to retest forming H AND S pattern . if the price break the trend line and the neckline above that would mean higher prices...
after the drop from the bull channel, the stuck has formed a pattren ( falling wedge ), break the last LH and also break above the MA . the stuck has a high probability of going higher.
the stuck touch the last R forming BO with DT . breaking the NL of the DOUBLE TOP he start going down and so he broke the Trend line
so more likely he will go more down ..
we see that the stuck did break the channel forming a double top. the stack has also broke the previous HL witch mean change in the direction of the trand
the stuck is forming a triangle .
my opinion: the best thing to do now is to waite. more likely to go up than down (60/40)
tips: always let the price show you what is going to happen..
we see that the stuck touch the high of the channel (forming a divergence). after that he dropped with big and consecutive bearish bars.
they made the scenario above more likely to happen..
after the crash when btc fall to 30K (the previous HL ). it start rising again ... even what happened days ago btc did not break below that support witch mean that there is high probability that it will go higher ( and yeah it may break its HOAT (64k) ).
