Trend: Overal downtrend, Long term sideway zone with a double bottom, Short-Mid term clear uptrend!
Structure to keep in mind:
1.31 is a crucial point:
- Get pass it, 1.35 is yours
- Lost to it, 1.26 you go
At 1,31:
On bear side: is supply zone, resistance zone, Pivot point, a pullback point(if you don’t get the wedge pattern)
On Bullside: Many touches...
The ascending speed resistance fan line along with the Fibonacci arc intersect with the 23.60% Fibonacci retracement line, and $btc made a nice pullback if you can see the wick under all the stupid lines I put on the chart.
It is possible that the falling wedge is going to break out soon, since the OBV Shadow indicator along with volume show huge sell volume...
