Bitcoin has created a microcycle against our trend and I expect huge BREAKOUT MOMENT after we break our Origin lvl 44 421. We also started to ladder up, so it´s just the effect of the time until we break this area. Probability of retouching 30K area is very low, but still comes in play.
Wait for the confirmation of the breakout: 1D - 44 600 - 44 800
Trade on...
Hello world,
basically, this analysis is based on H4 timeframe. We can see that after „ECB storm“ market successfully tested ascending trendline based on D1 timeframe. Now I expect next move UP from RESISTANCE zone, which is now SUPPORT zone. Now I am waiting for price action confirmation - i think that H1/H4 engulfing bar or pin bar would be nice signal to open...
Short position If it will broken head and shoulders pattern. Now is price in channel and in downtrend. Confluences are Head and Shoulders, resistence line of the channel and downtrend. Good luck
Price have broken resistence level and came back. Here is more confluences like pull back, fibonacci 61,8 or trendline like a support. I´m wating for candles pattern.
