A daily overview for Bitcoin.
Pointing out a bullish and a bearish scenario.
Check the related ideas for more information.
Pointing out a bullish and a bearish scenario.
Check the related ideas for more information.
註釋
Okay, Bitcoin broke the H&S neckline on the daily. A retest of it is possible but consider that the probability for a successful H&S is around 83 % once the neckline is broken.註釋
Bitcoin broke and retested the curved trendline on the old Daily Overview Idea. Means from here there is no more objective bearish charting, only guesses.Bitcoin might retests the downward trendline and the H&S neckline resistance. A break and support retest of those levels if to be considered as bullish.
註釋
While the 4h and weekly patterns correspond, the daily does not. Means we have a lower and a higher timeframe telling us a different story. Well, we can use this to make a possble bearish scenario on the timeframe in between, here it is the daily tf.The thick yellow trendline is mostly overlooked by pretty much any trader since November 2021 but not here. We drew and used that trendline since november.
Bitcoin has hit the Daily EMA 300 and the yellow Trendline, both is to be considered as strong restistance.
Quick reminder, a 'Moving Average' is where Buyers and Seller meet. Long short Bitcoin is at another decision moment.
a most likely possiblity is a pullback to 40k price levels and then a bullish continuation.
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