Last night price rejected off a critical zone (65k) for bulls to retake and flip to support for a continuation up . On the 4h there was bullish pennant that had formed, however we had a false breakout and as we speak price is retesting the pennants lower trendline support around 63.8. If we zoom out to the daily timeframe, we have formed a bearish channel, with a...
Right now bitcoin has multiple rejections off the 61.5k price level which is a 50% fib from the last high to the most recent low. These rejections are not good for further upside price movement. On the daily timeframe we have a death cross of the 50 and 200 SMA and a bearish Ichimoku trend. If we zoom out to a 2 week time frame and a 3 week time frame, the MACD...
Multiple rejections off the macro 50% fib, plus the daily Ichi is bearish + a death cross on the daily SMA. If you are buying this you are exit liquidity.