The market has been moving sideways for some time due to uncertain macroeconomic conditions.
Everything is possible price technically.
It is now waiting for a clear break.
If we break 19,500 to the downside. then the price will probably move towards 19k. if we don't keep support there, we will probably go towards 18k and test previous low.
Some possible scenario's.
If support (white line) break, i think btc will test previous lows again. 19-20k
For now we are stuck in this rising channel. Rising channel is bearish but i do think we will first get a rally to 28-30K before we test previous lows (20-22k)
Just a little BTC-USDT Technical analyse.
We are in a Accumulation Phase.
We need to be patience in order to see which way we are going.
What do you guys think ?
Did we already had the bottem at 25k?
Falling wedge getting close to the apex.
We did broke some key support levels on the daily and this falling wedge (what is below those key support lvl's) will be the last hope,
Otherwise the probability will be very high we will see much lower levels (34-35k )
for now, i dont want to see BTC break the upwards sloping trendline (greenline) or blue horizontal...
BTC-USD
Looking out for something like this scenerio.
I open little positions on flipping support in resistence (short) and when flipping resistence in support (long)
And i scale higher when breaking previous lows/highs.
You can see the symmetrical triangle also on the 4 hourly,
In a few hours, we are at the end of the apex , and a big move is likely!
Wanna see...
