BTC- breakout or another bull trap?

2021年7月23日

title pretty much explains my thesis. we must break 36.5k to create a higher high in price action, while the RSI is already eye to eye with previous highs, likely to form higher high on indicator. last time this happened was Elons infamous twitter post that resulted in a massive bulltrap. coincidence that little conference was scheduled when it was? i think not. not saying we cant shatter these levels and hit 100k tomorrow, but the chart is clearly in a precarious position. While eth is also forming a bearish descending triangle with its own bearish divergence forming, it would make a ton of sense for BTC to experience another fakeout, which in the current state of both charts, would have Eth obliging BTC by not breaking out of said descending triangle and following BTC

godspeed traders

2021年7月23日

註釋

does anyone know why my charts are not posting with the time frame in the top left corner? i dont think i am doing anything differently but they have recently been posting without the info in the top left?

2021年7月23日

註釋

The bottom left text bubble is supposed to say *price* failed to make higher high, RSI making higher highs

2021年7月25日

註釋

also, my green box should be lower to align with the point i circled and connected with the yellow line on the RSI, was 4am when i posted this lol. the box should cover between 34.8k and 36.6k approximately