Bitcoin retested the junction point of the upper and lower line of the triangle. I expect a small pullback from here and after that price move will show us the next direction. There is absolute uncertainty now.
Who will win? Bulls or bears?
Bitcoin broke below the symmetrical triangle but after the good news from El Salvador it rose nicely today. If price turns down from here, scenario will remain negative. But from my perspective bearish momentum is weakening. RSI formed a bullish divergence. If price breaks $30000 support we can see the next wave of the downtrend.
It is not difficult to make money even market goes down. Check the movements where I placed the circles, you will see a lot of trade opportunities.
For those who want to learn technical analysis, my charts can be quite useful...
I warned about this correction before and unfortunately, it happened. When we look at the big picture now BTC bounced from a strong support area. It broke the descending trendline but after that, it did not go up as expected. It is forming a triangle now and no one can predict which way price will break this triangle(I hope it will go up). I showed...
BTC broke the trendline and as long as it stays below this trendline we can see a deeper correction. Therefore we should be careful and watch it closely. It is also forming a falling wedge pattern. If you carefully check its movements where I placed the circles, you will see a lot of trade opportunities to benefit in the past. Actually, it is not...
For the continuation of the bull run, NEO should break the resistance line and close a daily candle above this resistance.
In case of possible correction, you can see the support levels on my chart.
My long term targets for NEO are;