Same exact ebarish battern on the 4 hour as last time in the circles. Could drop to bottom of channel. Plus amazon dropped 7% today
Could drop to 6700 if we dont break out of this channel.
Looks like it can drop to 32800 at bottom of channel. Bearish div on the weekly too
Looks like its heading to top of channel with bullish div on the hourly!
could drop to 34k or lower if this pattern continues.
Waiting for more confirmations kinda risky to trade now until more info comes
WEDGE TO 1750 OR CONTINUE TO 1500? Looks like it can reach those levels on the daily chart.HEAD AND SHOULDERS BREAKDOWN?
bullish divergence on the 4 hour
moving average line is sloping to the downside on 2 hour time frame and could drop to 32k at end of wedge pattern if it doesnt hold then im expecting 23-30k over the next couple weeks.
We are in a descending wedge on 2 hour and could go below 32k!
Looks like bulls are tired and 34k is major resistance for bitcoin in this wedge pattern. If wedge continues then 34k to 30k is possible.
could break to downside since we are at the shoulder side from the head right now. could drop below neckline here