BTC has been repeating similar fractals consistently.
I expect this time to be no different.
A break of the trendline support would lead to major nice sell off.
This whole "pump" was not by bulls but rather caused by short positions being covered.
Once the bulls get exhausted, price will roll over and start to fall.
Mostly everyone is talking about the inverted H&S and thinks that BTC is bullish.
I dont feel the same at all.
I still think a nice correction is needed soon for btc before we go up.
We will know soon enough. I'm expecting a double top 11500-800 range.
I will be looking out for this range to close my long position and get into short positions for btc.
BTC is being hard to predict traps everywhere, be careful.
The ascending wedge looking to break down.
Due to the low volume, I dint enter any long positions.
Now, will enter positions on btc and altcoins the breakdown of the ending fifth diagonal in the ascending wedge was my confirmation
BTC is showing a possible IHS setup.
We got rejected down at the major trendline resistance drawn from the ATH.
The right shoulder is currently forming still we would need a breakout after the forming the right shoulder with high volume to support the start of BTC Bull RUN.
Till then BTC is still in bearish trend
A failure of breakout could lead to bearish...