Since the drop on August 14th, Bitcoin has been forming a descending wedge pattern with bullish divergence on multiple time frames.
On this 3-day chart, we can see that this support zone has very strong buying power. Whales are absorbing that zone.
A successful break to the upside should retest the $22.5K resistance area in the coming weeks.
Bearish if the daily closes below $17.6K.
On this 3-day chart, we can see that this support zone has very strong buying power. Whales are absorbing that zone.
A successful break to the upside should retest the $22.5K resistance area in the coming weeks.
Bearish if the daily closes below $17.6K.
Kommentera:
Bitcoin attempting a break now.
Kommentera:
Beautiful short squeeze!
Kommentera:
Trend line has been broken, just as charted above on October 13th.