BTCDJS

BTCDJS

Im long

BTCDJS

We all expect a bullish Bitcoin market with the upcoming halving. Looking at the 1D chart we see a similar consolidation last year Nov. I think we will see 560 soon.

BTCDJS

a

BTCDJS

yeah

BTCDJS

need a good definitive point of entry. so far I'm not convinced that now is the time to be bullish.

BTCDJS

just for fun because board

BTCDJS

I know it looks like a mess but Im convinced. Or rather I've convinced myself. And that could be dangerous. lol

BTCDJS

I don't think we should be fooled by this bullish spike. These three lines have both been support and resistance in the past. to be on the safe side. Only short after it breaks through the top line. But i could always be wrong. It will be interesting to see how this plays out

BTCDJS

Im actually convinced. Trading this idea near the end of the right shoulder formation

BTCDJS

Looking back in history, this line has acted as both support and resistance. should my head and shoulders theory be correct, i think this is where price will more or less move. Not a hundred percent though. but its something

BTCDJS

Could this be? A head and shoulders pattern forming here before a large drop?

BTCDJS

Price seems to be trending down. Unless we break that resistance now, this may be the next place we find ourselves.