Bitcoin waiting for a big breakout

6 Jul 2022

After a few days of consolidation with low volume, Bitcoin is ahead of the next big move. Quite scary bearish target of 12000$, but I still think that we must have some shorts liquidated first and the move to 27000$ will give this to us. After that we can decide - reclaim it as support or new lows. Technically we have a potential hidden bearish divergence on the daily for Bitcoin so be very careful. Wait for a retest of the breakout and don't use more than x5 if you like leverage trading. Fake breakout is also very possible at these market conditions - don't forget that DXY has already made the breakout and is in full bullish mode.

15 Sep 2022

Nota

Two months later, the breakout is still not here. Trading in the 19-23000$ range while we wait for one of the two targets to be hit.