Well, after a sharp #Spike down and then #Channel up, it went on a #TradingRange(the rectangle).
After the rectangle is broken, We expect the next step would be to the70k… or 50k again.
A 10k position, perfect R/R.
we can see on the chart BTC has broken the last resistance line of it through the its highest ATH and seems to get back it after so many fluctuations.
Is it gonna be a pull back !? And then…
Wait for it
BTC fluctuations from the first day of 2021 till now.
Over the past month and half the fluctuations have been running on a New rectangle that can be last not more than a month and half.
However it seems to be making a bearish triangle too, everything will be clear (with BULLS or BEARS) by breaking the upper line or the rectangle or the lower one.
In the bigger rectangle( from the start of 2021 till now ), price fluctuations have made a clear Bearish Head & Shoulder being shaped at the end of a up trend. Making the left shoulder lower than the right one!
The expected size which should be experienced on a down trend is being enough tasted. And it’s been traveled in a fast down velocity.
Now, going toward...
