Looking at things from different perspective. Would you buy this for a bounce play?
Daily Year long ascending channel Past week price bounced off 200D EMA and over 50/100d EMA. Next step - reach 1.30 area Important to break out of it to see continuation up. Break free of the channel and the move up should be decent If not we go the bottom boundary of this large channel (500 pips potential move)
SOL time to pay attention Ascending triangle 3D Clear upper boundary at 42 Bunch of wickbacks make the level clear and confirmed. This LONG idea has a chance if market in general is ready to move up. SHORT if SPY reverses and drags everything down with it. Of course if SPY does not push higher then Bitcoin will not be able to make significant progress either....
This current week of April 7 - May 1 Currently tapping important level of 2880 which is both historical level and April high and we are almost done with the month here. As of now it looks like double top on weekly. Daily TF is the one to watch for the close over or under this major level Closing under is a sign of reversal which is what I am expecting to happen.
The price to make its way out of THE Triangle that has been forming for 3 years. Strong Support zone to be tested again and likely breached taking the price down to next strong support zone at 1.30