BTC/USD Whats next? 35K or 4K? - Honestly, I don't know! No one knows. Neither the nice guy or OG shilling 50k targets on Twitter, nor the super-rich looking crypto hedge fund manager in an expensive suit with a Rolex on his wrist. For understanding the chart and my thoughts, I advise you to read my comment below, as the explanation got too long... I want to add...
I am neither bull nor bear. I trade what is in front of me to accumulate more USD. This analysis shows that we approach a level that gets my attention. 1) we approach a price level close to several resistance areas. (upper trend line of the triangle, 200d moving average) as well es sell signals (TD -0.24% 9 daily sell and divergence on many different time...
BTC currently going sideways. Depending on which side the next candle(s) close the way we go! (breakout or breakdown of the motherbar)
Short ETH/BTC (4H-chart) Kumo breakout to the downside
BTC: Bulls lost the battle -) breakdown of the Triangle -) break of teh lumpy H&S -) tight stop-loss if BTC bounces