Do or die for long term Bitcoin bulls?
As we can see on HTF 
BTC charts, price has been moving in an upwards channel creating higher highs and higher lows (breaks of structure [BOS] confirming the continuation of the uptrend), but we have sinked into a lower low which would definitely count as a change of character [CHOCH] of the market reversing the trend downwards. Do or die scenario is basically bouncing up from the demand point and forming a higher low constituting another change in the market's character to resume uptrend.
From another bearish Point of view, we could also see a massive bearish flag forming on HTF charts as well targeting the same areas we would be targeting with supply vs. demand analysis.
Please check linked idea to see how I expect the movement to be inside the bearish channel / flag before breaking out to the downside.
BTC charts, price has been moving in an upwards channel creating higher highs and higher lows (breaks of structure [BOS] confirming the continuation of the uptrend), but we have sinked into a lower low which would definitely count as a change of character [CHOCH] of the market reversing the trend downwards. Do or die scenario is basically bouncing up from the demand point and forming a higher low constituting another change in the market's character to resume uptrend.From another bearish Point of view, we could also see a massive bearish flag forming on HTF charts as well targeting the same areas we would be targeting with supply vs. demand analysis.
Please check linked idea to see how I expect the movement to be inside the bearish channel / flag before breaking out to the downside.
Trade ativo
So far it looks like it is the "do" scenario.
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.