The day before they post their earnings, BABA shows a symmetrical triangle, which is composed of a diagonal falling upper trendline and a diagonally rising lower trendline. As the price moves toward the apex, it will inevitably breach the upper trendline for a breakout and uptrend on rising prices or breach the lower trendline forming a breakdown and downtrend...
BTC has found some resitance in the red rectangle area, which is in the the bear trendline that started on April 14th ATH.
It still has to correct this last 18% upside. The .618 mark to enter would be the $50282 price. If after hitting that price, it breaks the bear trendline at around 53-54k, we will see it going again to ATH.
Just my opinion
This is not...
