BTC bulls in charge?
*log scale*
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Bitcoin is breaking this important red downtrendline which held the price suppressed down for several months. Recently after days of consolidation right below the downtrendline BTC finally decided to shoot up. Breaking the last swing high (making higher high) would be confirmation for the bulls.
This red downtrendline was also the reason why I went short yesterday on short timeframe...
...as I thought it will hold as resistance, but it didn't. As you can see after breaking the stoploss level, price backtested the triangle upper edge and then launched hard. Nice price action.
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Please 1st of all smash the boost🚀 button to support my work if you like it! It's absolutely for free.
Bitcoin is breaking this important red downtrendline which held the price suppressed down for several months. Recently after days of consolidation right below the downtrendline BTC finally decided to shoot up. Breaking the last swing high (making higher high) would be confirmation for the bulls.
This red downtrendline was also the reason why I went short yesterday on short timeframe...
...as I thought it will hold as resistance, but it didn't. As you can see after breaking the stoploss level, price backtested the triangle upper edge and then launched hard. Nice price action.
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
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