BitcoinPanjang
BTC weekly falling wedge pattern breakout and retest!!
Hi dear community and my faithful followers, let's pay attention to this weekly falling wedge pattern which has broken and retested with false breakdown/bear trap/ and double bottom+ RSI bullish divergence.
At the same time RSI diagonal resistance has been broken and retested as well. On the chart you explained why I think so)).
Read bellow text to understand why I think this is a false breakdown/bear trap/ with double bottom.
The bellow ideas are from my previous analysis coz the circumstances and the situation are the same.
I think the recent dump to 15.5K is a fake breakdown/bear trap/ with double bottom + RSI bullish divergence like 2021 November top, which was a false breakout/bull trap/ with double top+ RSI bear div .
So I think the real bottom was at 17.5K in June like the real top in 2021 April.
I'm considering that BTC has succeeded to break RSI diagonal trendline and now It is making a retest, I think it will hold and send BTC to 28-30K. On chart you can find my explanation why I think RSI diagonal resistance has broken.
At the same time RSI diagonal resistance has been broken and retested as well. On the chart you explained why I think so)).
Read bellow text to understand why I think this is a false breakdown/bear trap/ with double bottom.
The bellow ideas are from my previous analysis coz the circumstances and the situation are the same.
I think the recent dump to 15.5K is a fake breakdown/bear trap/ with double bottom + RSI bullish divergence like 2021 November top, which was a false breakout/bull trap/ with double top+ RSI bear div .
So I think the real bottom was at 17.5K in June like the real top in 2021 April.
I'm considering that BTC has succeeded to break RSI diagonal trendline and now It is making a retest, I think it will hold and send BTC to 28-30K. On chart you can find my explanation why I think RSI diagonal resistance has broken.
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