So we got down by the market rumors, but at the final we can say that nothing that bad happend after the publication. So i think this a trick and false alarm
Broken bullish triangle, at the time no looks bearish
Clearly setup as level 27400, also technicaly looks bullish
Rejection the trend line, long setups as second trend line. Also 30k matches with 2nd fib level
Clearly hihg and higher high formed in a consolidation with 2 top recistance
We have clearly uptrend by HH and HL, aslo we can see revers bullish patterns at new HL.
1.We have a clearly consolidation with hg and hl. 2.The last impulse and last low as fibo base. 3.Also as we can see by ema 72/89 we found the support. 4.Broken bearish triangle pattern
As we can se BTC holds 16300 level and forms hg and hl. Also level 21.5k matches with fibo level 21.8k.
As we can see we are going down thanks to federal reserve, last resistance was broken and rejected so i see only level to trade - under 15.450 If we can say that squeeze is possible, it would be around 14500-14300.
technically we can see 2-low, new higher low and higher highs
Also according to my last post, i found this broken triangle. Seems to me it can drop about 20-25% by this week-next week
Since 25 oct by now inflowed more than 35.000.00 BTC to spot exchanges. Greed is at 40 , that usually is the top at bear market before it goes down 15-30%. The lowest levels i exept is 16300, 14300.
BTC is consolidating for 4 month, so i exept some moves by 1-3 days. To start new uptrend we should get all the liquidity at 16k level and then short-squeeze above 21k
BTC 2 times rejected from 18.6k, so next trigger would be the ATH trend line
Now clearly we have strong support as 19500 and resistance by 20100+-. I would expect a retest 19.500 and then may be we can push upper. Also if we break 19500 we could go to 19.000 zone
Long trigeers as last low 26 and trend line from ATH. If price will reach 26.6k it will mean a folse breakout as it was at last bearmarket. Also id not ignore the biggest trend line that gose from 69k for BTC.
Bullish setup as striangle, long entry by the trend line or 2 highs
Cleary we can see the consolidation at last All Time High (ATH), than weans 2 ways we can see - 1) go under 20k to 18.5-12.7k 2) go to 23k and break up it. I prefer second way cause today is 1) 7 point of fear (extreme fear) 2) we are under 200w EMA (22300 +-) ...