drbitcoinve

drbitcoinve

The recent triangular contraction in Bitcoin broke the upper trend line at the beginning of the week and now is suggesting two options ahead of Bakkt opening on July 22th

drbitcoinve

Prices are setting up a sell setup at or near the H2 30 Moving average. However, the defensive rally comes from a failed attempt to create a lower low. When prices refuses to create a lower low after they have created at least 3 consecutive lower lows and lower highs, they will go up and will create a higher high. This could be the start of a defensive rally in...

drbitcoinve

Bitcoin failed to breakdown today around 6 am UTC. The Sell setups in H2, H3 and H4 failed... All of them. At the time of writting, the price is developing an ignition movement to key resistance: 7000-7100. Both H12 and daily show price reversals after multiple red bars to support. Im covering my fiat from 80% to 20% between 7050 and 7100, and getting ready...