Bulls losing all power.
Was goig down, went up, now wants to go down , but is once more rejected.
Price did a break out from trendline. Should confirm resistance but is fighting strong. Best guess: some short moves should happen.
It would be really cool to see BTC going up back on track but lets be serious and cautious. This will require a miraicle. I will be watching out for a shorting opportunity soon.
Seems like we've confirmed a resistance just there.
Sell zone on 30m, 4H, 2H, 1D Please see all zooms in comments
We don't have enough buyers. They are waiting near 4400 right now which is a dynamic falling support. If we don't go down right now this support will move lower and lower every day and when buyers are done we would plummet to low. It is better to dive now.
1) Loves triangles 2) Every time has confirmed the long term resistance after breaking out. (the blue line). That means 4400ish is the natural choice for bitcoin.
Because why not. We have a big bulish breakout to confirm
The main resistance that has been broken needs to be revisited. Because we see a weakness of btc. It will fall down to revisit that resistance line.
I don't want to jinx it but I see a continuation triangle.
Currently in continuation formation : raising wedge
The price action tells us "I want to stay flat and am in a tight range. But the trend shows upward, without question. The variation is so small that the statistical trend indicator ( linear regression) points upwards and bends even more upwards every hour. Because there is almost no variance, it bends upwards even when the price is below the regression line. This...
If you zoom to 1m you'll see how they fight. Fantastic emotions!
Assuming this would be the bottom of our correction then this red arrow will be our next wave