See also:
הערה:
Looking at whether the next 1D candle (or next few lower timeframe candles) gets rejected by the trendline, or is able to break up and hold support...for each scenario to play out, etc.
הערה:
Grey horizontal lines are VPVR levels.
הערה:
Also, lower low confirmed -- hence higher likelihood to go down.
הערה:
Price struggles with overcoming the yellow resistance level and is getting rejected. If this continues with the next 2 hourly candles, will be waiting to potentially buy in at around $6.3kUSD.
הערה:
Bearish M-Pattern forming; viewed on the 30mins chart:
Waiting for BTC to gain more bearish sentiments and more shorts.
Waiting for BTC to gain more bearish sentiments and more shorts.
הערה:
הערה:
הערה:
However, latest chart has price now breaking above resistance! .. But will it continue to find support above?
הערה:
Price seems to have found support above yellow trend line, and positions itself back within the range set by the yellow triangle..
הערה:
Support failed!
הערה:
BTC retested gray resistance line and broken above instead, and with that, is now back into the yellow symm triangle.
Will it retest the lower yellow line as support to confirm a bullish move ahead?
Will it retest the lower yellow line as support to confirm a bullish move ahead?
Zoomed out view of how the trendlines were drawn: