Even though BTC successfully break previous all time high, but it does not have bullish momentum. Currently price break through the uptrendline and looking to break 16000 support. Once the 1H candle closed below 16000, bearish momentum will take over bitcoin and we will monitor how far bitcoin price will drop to.
Komentar
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fail to close below 16000, so no bearish momentum yet
I think this little rise is manipulation to prevent what is inevitable. Your chart is fairly on point. Depth charts look skimp for buyers and it'll fade fast and price will jump back down fast. Volume seems not too high either. Thoughts?
liang950605
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@ClimbN, next 1 or 2 candles should decide its movement, high probability for a bearish candle next to setup a potential H&S.
ClimbN
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Interesting chart. I didn't think of it falling back in line with the prior channel. Could this also be a double top? With a major correction in the making?
liang950605
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@ClimbN, its possible, but currently btc just sitting ard 16000-17000 range. So only can confirm when it breaks the range.