Long

Two potential Plays for BITCOIN

Updated

From analysis on the Weekly chart, bitcoin could continue pushing towards 44k before retracing or could soon retrace back to trend line before blasting off.

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Bitcoin went with Plan A. Now expecting a pullback around the 44/45k area

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impulsive push to the upside mitigating weekly supply as expected. Looking for a pullback to the trend line before next impulse.

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Playing out as expected.

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On the daily time Frame bitcoin is playing out a bullish Pennant. Price could push up to around 46k on positive ETF news and then drop further to the Trendline before taking off around halving time.

cdn.corporatefinanceinstitute.com/assets/pennant-pattern-1.png

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Dropped down to 4h time to see how price is developing. 1H order flow is bullish and just got a fractal change of character on 4h. (all bullish signals). Looking from price to close and hold above 44k

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price broke closed above 44k and broke out of pennant!! Tomorrow is going to be a great day for the mining stocks

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Break and close below 40k and we heading down

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This area is key...could go up from here after a 4th trendline touch or retrace further. seeing a lot of divergence so I have a feeling it may go lower

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Seeing some a nice reaction. Lets see if it can hold

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4h switched bullish to help facilitate pullback. My guards are still up

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looks like a triangle is playing out right before the halving. We could see a break to the upside.

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BTC broke out of triangle and can see a push to 80k

lcomerennah

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