Potential breakout to the highs and beyond will take targets along the way
A lot of people looking at this as a head and shoulder pattern. Nice confluence of support here ideally id like to see a hold but we could potentially see a breakdown, strong support below, quick recovery...... send it!
3 lines of repair watch your leverage! price could get thrown around before lift off wait for clarity.
The market is sideways but we could find potential support here watching and waiting
Looking at a confluence of resistance here. Based on the 1h and 4h closing price this is the most valid place for horizontal resistance as we can see it is a confirmation area where price began its decent towards 29k. It is also where we come in towards our rising channel resistance we could expect some sort of consolidation or a potential short term break down...
Next level of resistance. Cloned trend line coupled with horizontal resistance if you missed the entry wait for next potential breakout area
#bitcoin Long term view clear to see what levels are being respected. Bullish support in play as low as 23k from the 2013 dip. Rough strokes but both previous dips reversed at the beginning of July. Looks pretty bullish to me
More than likely have a quiet week ahead until options expiry the rest will be history
Looking at 70k as a massive general target and 55k as a massive liquidity pool. Massive rising wedge in play here. We cant go up forever! 350k bitcoin book it!
Just a follow up on the previous chart everything is STILL technically BULLISH!! Coming in for a retest of that bull flag / trend line check out comments below for the big picture. Shakeout before the breakout!
keep those diamond hands! You have an incisal leg up followed by consolidation, leg up, rejection. putting in a right shoulder. Everything is technically sound. Just HODL!!
Market had a nice run but i think its time for the bears to take the market targets will be taken along the way! Good luck!