BTC stares back at you.

BTC has indeed put on a show within the past 48 hours. We notice the left fibonacci eye ( bullish eye) derived by drawing fib circles from the bottom of the bull action to the peak. The right one ( bearish one) is showing the bearish fib levels. As for the flag represented by the yellow trend lines , this indicates that we are consolidating in the flag.

Breakout could happen before the 8:00 a.m. EST but the current sentiment remains bullish (as evident in the fib circles). 1hr and 4hr still show possible bullish action based on Stochastic RSI . This action is helping other ALTs. I do not trade BTC but I have to admit it is the crypto king until a successor to the throne is declared. So crypto traders must watch it carefully.

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Disclaimer: This is not trading advice. I do not hold any position in BTC . I trade ETH and may at any time have a position or be on the sidelines.
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