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I know, move 3 looks a bit different but the main characteristics behind these movements are pretty close, don't you think? After the transition from the so-called Stealth Phase into the Trading suggestion:. There is a possibility of temporary retracement to suggested support line 0. Technical analysis:. Hi, Was it just a retest of open or did it dug the road to the lower prices?
I don't know exactly but what do you think about today's sell-off!? What I would like to point out is the wick on 4H timeframe my guess is - the price needs to fill the wick before it goes to another ATH , if it goes at all. This is not a setup to ride with, it just looks a bit The bullish case for Microstrategy.
I map some important technical levels to pay attention to. Sorry for the time it took to map some lines since Tradingview has this annoying bug and doesn't fully import saved settings of tool-templates.
Bitcoin appears to be forming a falling wedge pattern.. On the KST it's clearly oversold and there's been a noticeable bullish cross where I've placed the blue downward pointing finger. Notice the RSI is continuously getting rejected at the blue sloping resistance of a rather Macro descending triangle, there have been multiple deviations but for the most part, Now Very critical Zone so Ready for both scenarios.
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