Hi Folks,
BTC has now reached the upper line of the bear Channel .
On the Daily chart the outlook is still bullish :
- Sequential countdown is on candle 7/13
- Price is now above TDST Resistance
On the 4H chart the outlook is now bearish with some warning signals:
- Exhaustion point A13 and S13
- Rising Wedge Pattern
The 4H Sell Setup is only on bar 5/9 so we could continue higher.
I am more confident when Exhaustion point S13 appears at the end of the Setup count to confirm a reversal.
I am neutral at this stage as we have opposite signals over these 2 timeframe
Keep an eye on the 4H chart and observe price reaction After S13.
MATHR3E
Sequential indicators:
BTC has now reached the upper line of the bear Channel .
On the Daily chart the outlook is still bullish :
- Sequential countdown is on candle 7/13
- Price is now above TDST Resistance
On the 4H chart the outlook is now bearish with some warning signals:
- Exhaustion point A13 and S13
- Rising Wedge Pattern
The 4H Sell Setup is only on bar 5/9 so we could continue higher.
I am more confident when Exhaustion point S13 appears at the end of the Setup count to confirm a reversal.
I am neutral at this stage as we have opposite signals over these 2 timeframe
Keep an eye on the 4H chart and observe price reaction After S13.
MATHR3E
Sequential indicators:
