No words just facts, no bears just bulls
Updated
no words although....
A. Anything can happen, historically we have never failed a breakout of this pattern since 2018 + bullish divergence on the daily RSI.
B. History does not repeat itself but boy is it always is it always similair. For example this could be that one time it breaks back down then shoots back up and inversely it could be the first time it breaks down, The odds favour the bulls though.
C This is most likely the bottom but with btc anything can happen so always prepare.
A. Anything can happen, historically we have never failed a breakout of this pattern since 2018 + bullish divergence on the daily RSI.
B. History does not repeat itself but boy is it always is it always similair. For example this could be that one time it breaks back down then shoots back up and inversely it could be the first time it breaks down, The odds favour the bulls though.
C This is most likely the bottom but with btc anything can happen so always prepare.
Note
We got a pump exactly where we should to make this pattern valid. We also usually spend 1-3 months within this retest area and this is what im looking for.- 4hr/daily close above $49 300 this week
- To hold $48 850 on the daily timeframe
we could moon from here but going of past movements we should only expect a moon late january or early february,
Note
Looks as if the support is now acting as resistance and the high of $69 000 can be seen as just a fake out, this is not bad news however as this means it is closely following its price action movement.
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