Symetrical triangle in formation between the top of the downtrend channel and the bullish trendline formed since the bottom at 4700€.
The next few hours will give us the long-awaited answer :
- BREAKDOWN BELOW THE BULLISH TRENDLINE : We are still in the bearish channel (in this case, prepare your short in direction of our first target, the intermediate line of the downtrend channel situated between 6000 to 5700€, depending of when we'll get there)
or
- BREAKOUT FROM THE TOP OF THE DOWNTREND CHANNEL : This is the start of a new uptrend channel. Which mean we just entered in a new bullish cycle for bitcoin and crypto in general. Then you know what to do fellows!
Let's see
The next few hours will give us the long-awaited answer :
- BREAKDOWN BELOW THE BULLISH TRENDLINE : We are still in the bearish channel (in this case, prepare your short in direction of our first target, the intermediate line of the downtrend channel situated between 6000 to 5700€, depending of when we'll get there)
or
- BREAKOUT FROM THE TOP OF THE DOWNTREND CHANNEL : This is the start of a new uptrend channel. Which mean we just entered in a new bullish cycle for bitcoin and crypto in general. Then you know what to do fellows!
Let's see
and of course i'm not a pro, just a fellow expressing an idea.
Good luck trading!