we are approaching key energy point from "multilateral" view. At this point intercepts many important trend lines. for a long time the price action haven't made any progress either side globally. This might be decisive next move to determine long time term for btc.
fundamentally long because the halving rush approaching. 30% raise sounds realistic
we are approaching multi year support . there is huge chance for bounce
according to downtrend we have 10% edge following trend. Creating lower high..Only sign of weakens was a falls breakout..For sure we are in accumulation phase and break out is coming . If stop loss hit enter long position after breakout on retest of previous resistance
deeper correction expected due to the accumulation zone on top.
retest on the bullish divergence of macd and pitchfork. To avoid slippage enter market with 15 pips stop loss with sell stop after area of potential interest. if Pithfork broken enter short of retes from other side.
buy on retes of lowe median line with confirmation of macd divergence increase risk
Its seems that we are creating lower lows and lower highs to distract attention from long term trend...looks like buyers have accumulated enough resources and are ready to depart to new highs. Divide tp in 2 parts ..
potential reversal incoming. Looks like capitulation was here. All the shorts have puked. Let's consolidate and push up...
Decreasing volume. The buyers last attempt to make higher high failed. We might go down to re accumulate more resources to conquer new highs.