Right at the resistance, will it break this time?
As of now, it seems it has a lot of catalyst:
- Matt Damon Ad (Fortune Favors the Brave)
- No. 1 App in Android
- Cronos Main net launch
- Coinbase listing
After failing to make higher high on high time frame, $BTC seems like to make 2nd H&S top.
few possible scenarios
1. BTC makes giant descending triangle with horizontal line at 30 K
2. BTC makes giant symmetrical triangle
Keep in mind that triangle is tricky and likely to have false breakout.
Today 22-Sep seems like a pullback for a H&S top at the time this is...
BTC / USD is bearish in all time frame. Especially it is below 200 DMA. The only remaining bullish case is the 4 year cycle parabolic line (blue line) which has been tested and will be tested again, if it is break and close below it, it is an official bear market. Chart will be broken and need months/years to heal
Don't expect ALTSEASON when $BTC is below 200 DMA....
Looked like there was no FUD last weekend but rational trader stop and reverse position after break of matured raising wedge trend line.. taking measurement target for short is around 42-43 K. But I believe we are still in bull trend and higher low still in play
From elliot wave perspective, I am expecting bounce soon after flat correction if there's no any...
$BTC/USD will bounce inside triangle until ETF announcement date. Can put long here until ETF announcement. if it is approved, expect moon, if it is delayed/not approved, expect massive sell off
