BTC Short-drop before big push up

Looks like BTC will have a short dip at bottom of 2021 channel support/resistance before hitting a major intersection of multiple lines of support and bouncing up.

MarketCipher 6h green dot (buy signal) has also been activated so there's a good chance, we've already bounced off the bottom of this dip.

Big limit buy at $51,800

Of course, always possible for BTC to break support and drop to $50,000 but I think we have enough support and broken enough resistance lines for the breakout to start.

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MarketCipher 1h Blood Diamond activated.
Looks like the final dip has begun.

💎🙌

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Welp, looks like we broke out with only a mini-dip.

Limit buy wasn't reached but added to my position at $53,100 as it broke resistance.

My assumption is BTC will continue to mostly bullish from here on out.

Note

That being said, I think BTC can still drop down to the bottom of the current channel at around $52,000 so don't over-leverage.

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BTC has crossed back into the big 2021 channel it broke out of a couple days ago.
We're back in bullish territory.

HOWEVER, super low volume on this price movement so it's possible it falls back down soon.

Looking for a big volume push to confirm this breakout. (1h vol > 2k)

rhaphazard

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rhaphazard