Bitcoin (BTCUSD) retraced strong... We caught the last peak, now we are seeing that a new low has been set...
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Im not sugesting this will happen but theres a chance it could
descending triangles dont lie,
while your watching over the next weeks we need to break through the descending line hard and high and set a good support, if not you need to keep an eye on it
still futures gap at 8500
we need to follow the blue channel,
if not we are in a bit of poo poo. showing that it bounced on the support of 9400 or there about might sugest we could follow blue, rsi not giving anything away but its not over sold, not under sold, i would wait for confermation
possible cup and handle OR bull trap.
great local run, possible cup and handle on the 4hr BUT RSI topping out on 4 hr also
1 hr rsi really has nothing to say, daily rsi also.
im waiting to see out come, bitcoin is a long project why rush !!
imo #bitcoin correction is nearly done.
when maximalists on twitter have said many times " you wont get btc for under 10 k again " for the last few months i put in a short , what ever Ran says do the opposite