previous resistance now attempting to act as support, we could have a double C wave form and a double bottom on bitcoin. The chart shows previous resistances now acting as support, we need to continue to monitor the price action to determine at which level C wave will form. Gut tells me shorts think this will form into a head and shoulder. That is true it could, if it doesnt break $7400 again, it could dip sub 7k one more time and form c wave there, which there still is support from the previous resistances. Imho I see this as a bear trap and jet fuel for a breakout above $7400, which leads to a run of $9200 A target I seen formed by the AD, which gave me an Ascending triangle. I posted this in previous charts.
Disclosure: long xrpusd, bitcoin on c-wave w/ confirmation stay tune
Disclosure: long xrpusd, bitcoin on c-wave w/ confirmation stay tune
Comment:
Comment:
c wave activated?
Comment:
xrpusd tracking same as bitcoin
Comment:
A front row seat
Comment:
and there it is again
Comment:
Previous resistances acting as support
Comment:
now watch how the parallel channel helped me find the bull flag
come out and play
Comment:
Intraday resistances level
Comment:
flag breakout on the 1hr time frame
Comment:
another flag breakout looming