Bitcoin scenarios 12 of April 2021 / 4h chart
Hi guys,
If we watch the chart we can see a series of lower lows, higher lows & lower highs. This tells me we are consolidating before the next move. We notice the fact that since the 13th of March we didn't manage to make a new ATH. This day actually coincides with the big black swan drop we've seen in 2020 (Covid panic sell). Probably March the 13th is the "Friday" of the year ;)
Bull : we consolidate towards the previous ATH and make a sustained 4h close breakout over the 63.000$ levels .
Bear : we can see that all attempts in the last 6 to 8 weeks broke down. This shows me that maybe we are due for some serious correction. If this is the case I think we will revisit the lower 40.000$ levels.
Everybody is focused on alt coins these days, but be careful, when the king moves, altcoins will follow.
Trade safely my friends, this is not financial advice, only drawings on a chart.
If we watch the chart we can see a series of lower lows, higher lows & lower highs. This tells me we are consolidating before the next move. We notice the fact that since the 13th of March we didn't manage to make a new ATH. This day actually coincides with the big black swan drop we've seen in 2020 (Covid panic sell). Probably March the 13th is the "Friday" of the year ;)
Bull : we consolidate towards the previous ATH and make a sustained 4h close breakout over the 63.000$ levels .
Bear : we can see that all attempts in the last 6 to 8 weeks broke down. This shows me that maybe we are due for some serious correction. If this is the case I think we will revisit the lower 40.000$ levels.
Everybody is focused on alt coins these days, but be careful, when the king moves, altcoins will follow.
Trade safely my friends, this is not financial advice, only drawings on a chart.
