There is a bullish divergent on the 1H
Bullish case - we test and 58000 USD area to resume bull trend.
Bearish case - we break down the symm triangle and further downside.
Right now, the price is neutral - waiting for confirmation upon breaking the triangle pattern.
Bullish case - we test and 58000 USD area to resume bull trend.
Bearish case - we break down the symm triangle and further downside.
Right now, the price is neutral - waiting for confirmation upon breaking the triangle pattern.
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Retesting 58000USD as expected
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Break 58000 on 1H
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Here we go
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We unable to break 59000USD on the 4H timeframe.
looks like 5 waves are complete, not worried as long as 56000USD holds for the correction.
looks like 5 waves are complete, not worried as long as 56000USD holds for the correction.
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Upward channel
We need to break here on higher timeframe.
We need to break here on higher timeframe.
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It did bounce off 56000 area as expected, however it started to form a leading diagonal that leads to a larger correction.
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This would be the bearish case if we break 57000USD
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