Bitcoin bounced perfectly off of the 46K accumilation zone covered in my previous ananlysis.
We now find two rounding formations with a signficantly large bearish divergance occuring on the higher time frames.
My plan is to keep an eye on the trend lines covered in this analysis, with the hope of a bullish breakout of the bullflag BTC is currently contained within.
I have no reason for conern until 47K is broken once more.
FYI, Futures closed at $49045 on Friday, and although this should be taken with a pinch of salt, it is still something to consider.
My personal expectations are that we will break to the upside come Monday morning, and continue our way up to approxiatley 52K, at which point I will close the vast majority of my postions (ALTS & BTC).
Thank you for following along ✌️
We now find two rounding formations with a signficantly large bearish divergance occuring on the higher time frames.
My plan is to keep an eye on the trend lines covered in this analysis, with the hope of a bullish breakout of the bullflag BTC is currently contained within.
I have no reason for conern until 47K is broken once more.
FYI, Futures closed at $49045 on Friday, and although this should be taken with a pinch of salt, it is still something to consider.
My personal expectations are that we will break to the upside come Monday morning, and continue our way up to approxiatley 52K, at which point I will close the vast majority of my postions (ALTS & BTC).
Thank you for following along ✌️
