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Since our previous analysis Bitcoin has made a higher high and is back to "full bull mode".
ATH is working like a magnet to the $BTC price atm, but also acts as a last stand for the remaining bears.
When ATH is broken we expect massive daily candles while we charge towards the $100k.
$BTC had a nice bounce from the 99D MA (binance MA) but is currently facing pretty heavy resistance.
If #Bitcoin follows the green path then we most likely see new ATH's in October.
If #Bitcoin follows the red path we expect to see a completion of the "three drive pattern" which happens on BTC corrections a lot, this would also be confluent with a .618 fib...
#Vechain is showing a lot of strenght.
Broke bear trendline with conviction.
Currently facing last R (resistance) before shooting up to $0.25
I hope your bags are packed because we think this train will be leaving the station SOON!
I our last post we noted that $BTC looked a bit top heavy...
Well as we know BTC often does the opposite of what the majority thinks.
If we look at the technicals 50k is a pretty heavy R (resistance).
Flip this level and we'll see $60k+ prices and possibly a new ATH fairly quick.
#Bitcoin looks a bit exhausted and top heavy.
Trendline from start of this rally seems to be broken, but the daily still has a lot of hours in it.
If we are to move up from here, we would like to see a flip of the 50k resistance level.
If we move down from here, the green box is where we will look for longs.
In our previous analysis of #VeChain we stated that we wanted to see some EMA flips.
We got the flips and a +50% move, now currently retesting previous resistance.
Would like to see a impulsive move up so we really can have some fun!