BTC Bearish Cypher
BTC keeps putting in lower highs on the 4h timeframe. To be bullish we want to start by putting in a higher low than the last at 41.6k, then eventually breaking the last high at 43.8.
This is for a shorter time frame but it can't really be ignored. Lets see how we progress in the next few days, but we want to stay above 42k otherwise 40,600 is next and then 38,000.
For now we are not positioned in btc anyways, we want to keep btc above 42k so that alts can keep pumping.
This is for a shorter time frame but it can't really be ignored. Lets see how we progress in the next few days, but we want to stay above 42k otherwise 40,600 is next and then 38,000.
For now we are not positioned in btc anyways, we want to keep btc above 42k so that alts can keep pumping.
Catatan
As we said, vital to stay above 42k. We are below it for now, lets follow the price action and look for a confirmation of a breakdown or a spring back above. If we do breakdown the next level is 40,600Catatan
Bullish divergence has developed and the spring above 42k is bullish, we have to stay above now.Catatan
Just like that, bullish divregence ushers in a massive rally - As we maintained all along BULLISH ABOVE 42K!!!!
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