Despite recent capitulation, BTC price is now close to interesting support levels on multiple timeframes.
A close below 5700USD would challenge this pattern.
A solid close below 5250 would mean lower lows are likely...
Enjoy!
MATHR3E
Sequential indicators:
- Weekly:
The symmetrical triangle has held so far and the bullish sequential countdown is still in play.
Currently looking for a S13 exhaustion point at around 9300 USD could also coincide with another touch of the upper line of the symmetrical triangle.
- Daily:
The 6 months bear channel finally broke up on Jan 06th after reaching Daily C13 and S13 exhaustion points.
BTC then struggled on TDST Resistance (Red dotted line) and formed a noticeable H&S Pattern
- 4H:
An ascending triangle has recently been formed over a shorter period of time with multiple exhaustion points.
It looks like it has broken up and now being backtested.
A close below 5700USD would challenge this pattern.
A solid close below 5250 would mean lower lows are likely...
Enjoy!
MATHR3E
Sequential indicators:
- MATHR3E TD Multi Sequential
- MATHR3E TD Setup Trend
- MATHR3E TD Sequential Fibonacci Extension
- MATHR3E TD Aggressive Fibonacci Extension
- MATHR3E TD Combo Fibonacci Extension
