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Bitcoin going below 200 daily MA doesn't look good, but I think it might be a bear trap, BTC seems to be forming a bull wedge. I'm still bullish.
I called for break yesterday, but it seems we are in part of a larger pennant, I'm still bullish.
I think it's gonna break up target is around 12k.
It's still valid
I think so.
Looks to me the supposed death cross is not even crossing, it's beginning to reverse.
We are now currently entering elliot wave 3
If that's not a bullish divergence I don't know what is.
It might just be a bart simpsons
There is very strong support on purple line
There is temporary resistance at the upper yellow line, and the range getting tight around here, i expect this to break down to fill cme gaps, but after it's filled im long
There is support at the yellow trendline, but it might break down.
Bitcoin might form a massive cup and handle pattern and then jump for massive gains
Either it's gonna break out of bear flag and form a tightening wedge with it's new higher low or it's break to the downside of bear flag and form a new lower low and continue downtrending. Both are very probable.
Possibly bear flag pattern forming
Is it me or do I see a gap at this area?