We just opened up a new daily candle. I think we should be able to see significant upside from BTC. The close on the daily was a bit scary...but perhaps we rebound on this bearish crab formation. Expect turbulence at 54k resistance point. Anything below 46.5K will signal a sell off IMO. Lets see what develops.
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Watch for a 46k Bounce/ wick..
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Looks like a green light!
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2 secondary patterns are formed off the leg of this pattern shown above. 1 was to fake a down swing.. and the other is to hold price.
These are still leading to a bullish signal. The overall consolidation of price they provide also appears to be signaling higher prices in the future as we draw more and more support....Even if there is a failure of 1 pattern the other would provide additional support to prevent a total collapse. Lets see.
These are still leading to a bullish signal. The overall consolidation of price they provide also appears to be signaling higher prices in the future as we draw more and more support....Even if there is a failure of 1 pattern the other would provide additional support to prevent a total collapse. Lets see.
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Please see updated chart- posted today!
Moorsc0de aka Crypt0nomics aka Zaphkiel
