There are 2 scenarios that's probably going to happen.
First, breakout the 49k resistance. Second, goes down to the area of support and potentially completing the head n shoulders pattern.
Just a reminder, both scenarios are bullish, and I hope until December, as the stocks rises, bitcoin rises.
BTCUSDT retests at the 100 Moving Average. Historically, at April 2020, when BTC dumped, and then breaks 100 MA, it continued to be a bullish trend. Will it happen the same this time? lets wait n see
After creating the 4th elliot wave, and succeeds to bounce back from its support, i think there is potential fifth wave that is going to happen. But, if bitcoin turns out to break its area of support and move toward its next support, it will reach the invalidation level where the elliot wave eventually fails.
As you can see, BBNI has created an uptrend ever since breaking the trendline resistance. But now, BBNI meets a new area of resistance + the fibo 0.6 resistance. With technical analysis, if BBNI succeeds to break the area of resistance now, there can be a potential bullish move for the next months. But we need to be careful too, because of IHSG condition is still...
TPIA is at its strongets support level because of the trendline support and the 6875 area of support. As we can see too, TPIA has created an elliot wave in its weekly timeframe, and currently creating level C of the correction wave. Because TPIA is in its area of support, we can see a future bullish trend.
MPPA is making a potential inverted head n shoulders pattern in its 1 hour chart. But the position now is right at its resistance level. So there still is a chance that it could pullback and move sideways.
