Ideal Shark pattern is formed in daily chart. based on this chart bitcoin is targeting the inclined line of descending triangle especially there is divergence on RSI. if break this resistance line, it will target 9800$ "tpf1" and 12.2k "tpf2". it's valid till 10 of august. this pattern will fail if the price close below 5739 $. it will target 1.61 fab @ 4600-4700$ then new shark will be formed.
i asked myself if you were a whale, what will you prefer short bitcoin now? or long it to 8k-9k "good news around due to ETF" then short to 4600 after 10 of aug when the request delayed for another 45 days "bad news which push the price hardly to dive below 5700$".
if you were a whale what will you think to maximize your profit?
i asked myself if you were a whale, what will you prefer short bitcoin now? or long it to 8k-9k "good news around due to ETF" then short to 4600 after 10 of aug when the request delayed for another 45 days "bad news which push the price hardly to dive below 5700$".
if you were a whale what will you think to maximize your profit?
Comment:
pump is coming
Comment:
Pump was done, now people around will see the reverse H&S, new buyers will come in and this will push to break 6800 which will lead to hit the inclined resistance line 7300-7400. Then go down to 7000-6800 but under the hype of ETF it will re-test the inclined resistance line and break it towards it's target towards it's first target 9800. lets see how long this story will last.
Comment:
booooooom.........7300-7400 reached
the next step now is retest 6800-7000 then retest the inclined resistance line again
the next step now is retest 6800-7000 then retest the inclined resistance line again
Comment:
panic sell is coming.....