Greetings to all.
Bitcoin consolidate in one range between 48k - 64k.
I expect continuation of this consolidation for at least 1 month.
Rising wedge on 4 hours at the moment, is a bearish pattern.
I expect this pattern to play out and price to fall between 49500 - 51500.
In this area we can have double bottom...a pattern which it will gives
a new upside momentum for bitcoin.
Assuming we are in alt season...
Assuming that btc dominance has yet road to the downside...
Assuming the bearish pattern...
All the above shows more consolidation for bitcoin at least and for MAY!
GL
Bitcoin consolidate in one range between 48k - 64k.
I expect continuation of this consolidation for at least 1 month.
Rising wedge on 4 hours at the moment, is a bearish pattern.
I expect this pattern to play out and price to fall between 49500 - 51500.
In this area we can have double bottom...a pattern which it will gives
a new upside momentum for bitcoin.
Assuming we are in alt season...
Assuming that btc dominance has yet road to the downside...
Assuming the bearish pattern...
All the above shows more consolidation for bitcoin at least and for MAY!
GL
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.
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.