PRICE HAS REACHED A POTENTIAL FLIP ZONE THAT MIGHT RESULT IN BEARS GETTING THE UPPER HAND AND THUS RESULTING IN PRICE FALLING TO RETEST THE LOWER PART OF THE CHANNEL AND THE POTENTIAL SUPPORT.
NB: Check the 4H analysis by me tittled SHORT BITCOIN.
price has rallied up to a retest the upper line onf the channel. we are anticipating for price to take a downward rally as it has broke the minor up trend line and is currently retesting it. with momentum confirmation to the downside we shall short BITCOIN. Plus, the minor up trend has printed a divergence on the RSI.
PRICE A REACHED A POTENTIAL FLIP ZONE THUS WE ARE ANTICIPATING A POTENTIAL MOVE TO THE DOWN SIDE. THE TREND LINE HAS BEEN BROKEN, FURTHERMORE PRICE HAS SHOW DIVERGENCE. THUS THE BEARS ARE PRONE TO DOMINATE THE MARKETS
THE MARKET IS CURRENTLY IN AN UP TREND. THERE'S BEEN A CONSOLIDATION THAT RESULTED IN A FLAG PATTERN FORMATION AND A VALID SWING POINT. I AM ANTICIPATING A BULLISH BREAKOUT OF THE FLAG PATTERN AS PRICE HAS RETRACED TO THE 0.618 OF THE PREVIOUS IMPULSE LEG FOLLOWED BY A BULLISH CANDLE FORMATION.
ALSO WITH THE AID OF FUNDAMENTALS BELOW I GOT MORE CONFLUENCE....
