An ascending channel in BTC is created. Many people said "buy in the dip", if you are a holder its time to shutdown the pc and rest in pepperoni but if you are a trader i recommend take a short because the market is in extreme fear (dropping very fast). if we retest and bounce 30k, i think that this sentiment may be less but if its broken... well 20k will be next target
BTC entered in a ascending triangule, now its showing a sign of breakout.
H&S Formation and trend channel ready. In soon a possible breakout is coming.
Two possible path. At this moment BTC is in a crucial moment.
Based in historical data, BTC has a bearish pattern. At this time BTC is testing the trending line being a crucial moment because the retest can bring us to retest again 60k or the powful support of the 29k. However, based into MACD, RSI and historical dat i think that BTC is going to retest the 29k. The best decision is wait for the confirmation of this movements.
Its time for a a little rest. BTC price is compressing into a pattern, we wait a long for the moment.
As mentioned above, there is a bearish sentiment in the market, to what extent will the correction be? We still have certain levels of support to take into account. Good Luck and take caution with risk!
BTC is forming a bearish pennant, with low highs and up RSI. We are in good purchase prices, however there's a uncertainty feeling in the market. We must go with the trend.