Bitcoin Patterns
Bitcoin hasn't done much recently. Price holding well around the 30k mark.
However personally I believe we are due a retrace, especially at these levels (see my other tradingview posts)
The thick blue downtrending line is a longterm support/resistance from last bullmarket. Struggling to close a daily candle above.
Shortterm.
I'm looking at a traingle pattern (white) has a higher chance of breaking to the upside.
The downtrending parralel channel (yellow) is also reacting rather nicely.
I will try and update once we breakout.
NOT FINACIAL ADVICE.
However personally I believe we are due a retrace, especially at these levels (see my other tradingview posts)
The thick blue downtrending line is a longterm support/resistance from last bullmarket. Struggling to close a daily candle above.
Shortterm.
I'm looking at a traingle pattern (white) has a higher chance of breaking to the upside.
The downtrending parralel channel (yellow) is also reacting rather nicely.
I will try and update once we breakout.
NOT FINACIAL ADVICE.
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