BitcoinPanjang
BTC in 200days now Consolidating and Now Finalizing BULLISH FLAG
Simply market structure study on why the bears absolutely must make a stand right here...
BTC has been in a HTF downtrend for over 200 days. The red dots clearly outline the bleeding structure of lower highs & higher lows that have plagued crypto since March.
The September 6th bottom is very significant because it is POTENTIALLY the first HTF higher low in 6 months... but the jobs not finish.
In order to be in a confirmed uptrend, #Bitcoin needs to get above 65k. If bears can't protect that high, then #BTC will have had a confirmed market structure break to the upside... this breaks the 200 day downtrend.
A lot of altcoin charts are looking big time bottomed. If bears can't defend 65k, crypto likely rips higher in the coming weeks.
BTC has been in a HTF downtrend for over 200 days. The red dots clearly outline the bleeding structure of lower highs & higher lows that have plagued crypto since March. The September 6th bottom is very significant because it is POTENTIALLY the first HTF higher low in 6 months... but the jobs not finish.
In order to be in a confirmed uptrend, #Bitcoin needs to get above 65k. If bears can't protect that high, then #BTC will have had a confirmed market structure break to the upside... this breaks the 200 day downtrend.
A lot of altcoin charts are looking big time bottomed. If bears can't defend 65k, crypto likely rips higher in the coming weeks.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.