I'll be watching just these line to understand that market structure is broken and new bull is here (+examples) 1. Orange - break and retest for bull 2. White - for bear break and retest 2 times, 3rd one just break down 3. Blue - waiting for break and retest of 1st and 2nd lines for bull
- Sir, are we in bull market already? - It always was a bull market
Blue arrow - bullish engulfing candle + double bottom + HL, leads us to yellow arrow up to 32K per 1 BTC From there 2 options: Green arrows - up. In favour of this play will be broken bearish trendline from ATH, established higher low and new higher high that could mean reversal and new bull market. Red dashed arrow - down to 11,5K (most likely will be frontrun)....
Trendline - break - dump Trendline - break - dump Trendline - break - ??? (this time will not be different imo)
I think that we will have some relief rally to retest bearish trendline and here are PA options that I see from there 1. Breakout/retest and bull run resumed 2. Reject, form double bottom, breakout of bearish trendline and new bull market 3. Reject, slice through 28-30K directly for retest of previous ATH. Personally, I believe that 3rd option has most chances...
I am leaning more to current PA being liquidity and stop hunt, like it was at the top of the range last time. We need to wait and see. If get back into the range then I will be long, if not, then we go to 20k where is 200 week MA that was bottom of 3 previous cycles.
Falling wedge and bull div on daily for bull case Safe play is to wait break out and HH with HL
Either we close this week back above long term bullish trendline from 2020 March Covid crash or we get bear
If we are going down from here then watch for trendline(since 2020 Covid crash) bounce. If no bounce, sell retest and leave crypto for some years. Otherways turbo up to 100K
So looks like FW is forming and either we drop a bit more and them bullish pattern will work or this meme wfigure will be broken down and then I see myself longing around long term trendline from last year March drop.
Soooo, the lowest we can go is around 39K will be 1. S&R retest/flip 2. Bearish trendline from recent ATH retest 3. Bullish trendline from 2020 Covid crash retest Soooo, unless we break all of this and the most significant uptrend from 2020, we are safe and up we go
Break down, take out lows, make everyone think we're doomed, people shorts/sell everything, back up to new highs Bearish now, Bullish after or some FA happens, like Apple saying they bought some Bitcoins and we up turbo now
Same as BTC Simple trendline Either hold and bold up Or break and dead
Either test trendline then up and never go back or just slice it and dead... Waiting for reaction near trendline My take is that we'll test that trendline, with wick below for max pain and then up
Trendline break + bearish retest H&S formed Bear div on RSI Either we close above right shoulder soon or we rekt Neutral ATM, but if broken down, look for retests to short
do with this info what you want but be very carefull I'd suggest to wait for triagle break&retest for clear directions