BTC is back on track, thank you ELON
Mother of all crypto is back on track after breaking ATH.
After the bearish pattern breach (which was created by the ELON MUSH PUMP - look at my earlier chart), the breach was confirmed after the resistance line became support.
After the breach a new support line has been formed (Yellow line in chart). This bullish...
Hi dear people
After breaking out of the Bearish pattern (which can be seen in my previous chart), BTC is back for another important call. The pump caused by Elon Musk was shorted heavily from 38k, resulting in touching the bearish trend line, this time as support.
Now Bitcoin is back for two possible options:
1. The bearish trend breach needs to be...
BTC Major Support Test
Bitcoin is again testing the major support area of 28-30k, after previously bouncing up from this area 3 times.
Can bitcoin manage to bounce of this area again of is this the start of a bigger bearrun.
If bitcoin manages to stay in the bearish pattern the upper trend line will be tested next, this trend line must be broken in order to...
As the chart describes, the pattern started at BTC ATH at 41.8.
BTC dropped after bullish momentum was lost.
What do you think is the next step for BTC, this chart describes the bigger picture of btc. Will 35 k break, resulting in a new trend?
My guess is the 35 k resistance will bounce btc back to 32 k.
As the chart describes the pattern started on touching the first ATH at 41.800.
After this moment Bitcoin begin to drop into the lower channels.
After breaking the resistance at 32500 this morning, Bitcoin prices quickly gained momentum, due to conforming the 32,5 as support.
Next question is wether Bitcoin will knock out the upper resistance trend line at...
MAJOR IMPORTANT TEST
As the chart describes the 32.5-33k support is beging tested, the outcome of this test will result in BTC pulling back into its bullish chart. Failure of this tast will cause a major pullback.
Interesting to see what happens during the coming days.