Bitcoin Reversal?
Updated
Looking at this 30min chart it looks like we may be rounding out and looking to start testing resistance. Having said that, it seems there are some other possibilities. There is a descending channel that has me thinking bear flag. I also think that the harmonic is still in play. From here, we could go either way, but I am leaning towards the downside, so I'm cautious of a fake out/bull trap scenario here.
A closer look at the 30min.
On this 4hr chart we are still in the falling wedge.
The daily is still showing us inside this bullish pennant.
Looking for an edge, let's see what happens! Owhoooo!
A closer look at the 30min.
On this 4hr chart we are still in the falling wedge.
The daily is still showing us inside this bullish pennant.
Looking for an edge, let's see what happens! Owhoooo!
Comment
Looks like it's reversing!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.