BITCOIN - The next 6 to 9 hours will be decisive
Updated
Symetrical triangle in formation between the top of the downtrend channel and the bullish trendline formed since the bottom at 4700€.
The next few hours will give us the long-awaited answer :
- BREAKDOWN BELOW THE BULLISH TRENDLINE : We are still in the bearish channel (in this case, prepare your short in direction of our first target, the intermediate line of the downtrend channel situated between 6000 to 5700€, depending of when we'll get there)
or
- BREAKOUT FROM THE TOP OF THE DOWNTREND CHANNEL : This is the start of a new uptrend channel. Which mean we just entered in a new bullish cycle for bitcoin and crypto in general. Then you know what to do fellows!
Let's see
The next few hours will give us the long-awaited answer :
- BREAKDOWN BELOW THE BULLISH TRENDLINE : We are still in the bearish channel (in this case, prepare your short in direction of our first target, the intermediate line of the downtrend channel situated between 6000 to 5700€, depending of when we'll get there)
or
- BREAKOUT FROM THE TOP OF THE DOWNTREND CHANNEL : This is the start of a new uptrend channel. Which mean we just entered in a new bullish cycle for bitcoin and crypto in general. Then you know what to do fellows!
Let's see
Note
I'm french so please do not pay attention to the spelling errors :)and of course i'm not a pro, just a fellow expressing an idea.
Good luck trading!
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