BTC scenarios for bulls.. Break 97K run or come down a retest the break of the downtrend and retest 81K form a inverse and head n Shoulders and then run. RSI would also come down to about 50, 2D chart 200 EMA also aligns well.
I originally posted a similar Idea august 24, 2023 that showed the Performance of BTC after being in a Oversold Position on the RSI. Usually resulted in 30 to 40% Gains. BTC is now back to being in that oversold position after 204 Days. We buying the Dip or does the dip keep on dipping and we get a massive correction?
Dare we see another 54% correction on CRYPTOCAP:BTC like the previous bullrun? Then a push to New ATH. That Correction would shake weak hands and aligns well with previous support levels and the Weekly 200 EMA.
CRYPTOCAP:BTC has now formed a 2hr bear flag and is trading under the 50 EMA . Looking for a retest or break above the 50 EMA. would like a break of the flag and retest of 38.5K to form a double bottom or break above 40.6K to retest 41.8K
ES Head N Shoulders Measured Move. interesting to see what happens with Fed Powell talking tomorrow morning at Jackson Hole. will it find support ? or will the Head N Shoulders play out.
