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rlando

I could be the lone bear that dies on this hill. (1day Heikin)

Bitcoin (INDEX:BTCUSD)  
rlando Updated   
INDEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
While admittedly having no clue as to what's going on right now, I see two paths for BTC. One considers reclaiming the levels we dumped to in spring 2021 as support (BULLISH). The other assumes we form a local top at current levels and establish a megaphone pattern (BEARISH) pivoting around the 1.4 fib line. Only time will tell.
Comment:
Updated picture, BTC broke above my initial upper trendline assumption, and has now hit resistance at the anchored VWAP taken from May 20th
snapshot
Comment:
Megaphone pattern still a possibility, we'll have to wait and see if we retest the 1 fib, or continue higher breaking our current resistance at the vwap line.

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rlando
BTC/USD Anchored VWAP Rainbow Revisited (3D Heikin)
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