Whilst the bullish feeling is still maintained by an uncertain uptrend sentiment, for me, this sentiment will increase gradually since BTC is bouncing off the 200EMA line on the daily timeframe.
However, it could be performing a H&S pattern after hitting the 100 EMA as a dynamic resistance in the 47k area on the way up, and continuing this rally on the downtrend afterwards, if it performs as planned it should also match the RSI levels hitting the 50%, and the Btc.D reaching critical support levels and bounce back up Although whatever happens is still uncertain, this in my understanding definitely a strong probability for the next few week. Profits are still possible by adjusting the strategy and leaving early.
I'm not a professional trader, this is not financial advice and should be seen for entertainment purposes only.
#BTC #altseason #projection #jumponthebandwagon
However, it could be performing a H&S pattern after hitting the 100 EMA as a dynamic resistance in the 47k area on the way up, and continuing this rally on the downtrend afterwards, if it performs as planned it should also match the RSI levels hitting the 50%, and the Btc.D reaching critical support levels and bounce back up Although whatever happens is still uncertain, this in my understanding definitely a strong probability for the next few week. Profits are still possible by adjusting the strategy and leaving early.
I'm not a professional trader, this is not financial advice and should be seen for entertainment purposes only.
#BTC #altseason #projection #jumponthebandwagon