Bitcoin to 46-48k in short term on W

Looks like we have a W pattern on the 4-hour that should push this up to the red line once it breaks overhead resistance. I'm guessing with wick it could take us to 47-48k with a high-volume push. I expect at some point this is going to correct and drop big. I am not a buyer at this level as it's too risky, but I think likely to break overhead resistance. It's the 3rd time beating on the door of that resistance so it usually busts through and that would I think easily take us to 46k and higher.

註釋

Already broke downward trendline and re-tested successfully. Black line is from breakout from bottom of W. Resistance from trendline at around 46k.

註釋

trendline at top is a little mis-drawn, actually a bit higher, but had issues updating this. Either way, W to 46k or more up to trendline around 48,300 or so

註釋

watch the upper trendline, not drawn and the downward trend, we break below we are going down, otherwise bullish

取消訂單

Broke the trendline to the downside

註釋

sitting on the 43500 support, still undecided

註釋

Going sideways, bullish consolidation and looking likely to go up to 46-48k if it holds.

註釋

holding on long term trendline, but not looking great

註釋

broke trendline to downside, but still a ton of support lower