#BTCUSD Eve and Eve Pattern #btc
Round tops, Black line is confirmation line of the bottom it Breaks down. 28 29k area is crucial to decide if the bear market continu's. f it breaks we will see a new test ATH in the future. If it holds we will see lower.
Orange one is the weekly support and where already above and the redline is the weekly support #lto should not close under the red line then where bear and its possible to drop to 0.13. If we look at #btc its important that we hold the 40k 38 k range. The market is in fear so i would sell my coins to easy. Possible ALTSEASON on the corner. DYOR im not a financial...
On the weekly i see btc forming a Cup and Handle thats a continuation pattern that is really stong in bull markets. If we break the 44k 40k lvs we are forming a inverse H&S pattern. H&S is a reversal pattern but we go much lower before that happends. 33 30 k area. #BTCUSD
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Two possible scenarios look at the yellow or red line. Red line still in BB bands. 32500 is a long for me retest of upper line i wait for the rejection or going further up. For now i dont have much information.
My plan is 3% profit a day i play the long game.