BTC Trendline Break Comparison

8 Okt 2021

This is a common theme of what happens when you make a move as large as we have. You get a very bullish trendline and it breaks after we see divergence on the 4 hour and it becomes exhausted. How the market reacts when we see the pull back of this trendline breaking will be key to where BTC goes next. If we hold above 50k I see a great chance at contesting the previous ATH around 65k. I expect to see the MACD and RSI to act the same as I show here comparing it to the last big trendline break. Expect the volume spikes to get shorter as well to help confirm.