BTC breaks the pattern and Major Resistance at $45,500, we can challenge $52,000 and make the right shoulder.
If we do not break local Resistance we retrace to $35,000, lose this we will see local lows of $30,000, $28,805.
This would complete the ABC pattern.
Also worth noting that we are printing a Bear Flag on the Monthly TF, which lines up with the Bearish Divergence on the MACD.
Not Financial Advice.
If we do not break local Resistance we retrace to $35,000, lose this we will see local lows of $30,000, $28,805.
This would complete the ABC pattern.
Also worth noting that we are printing a Bear Flag on the Monthly TF, which lines up with the Bearish Divergence on the MACD.
Not Financial Advice.