BTC probability

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hash ribbon talks .

on daily time frame we got some moves and signals , which could lead us for a bull-run .

as i see this is a optimistic probability and due to the situation of the over all markets might be failed .

but we have to say what we see in our perspective

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i think even if we break the upper band of the rectangle ( static channel )

we cannot break the triangle

it's just an idea

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bulls are trying to pass the resistance, but it still has the power

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daily RSI is on overbought area , surely for continue we need an retracement to gain more power , midline of static channel is a really good and reasonable level for it,

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definitely, we will break all the resistances, the important point is when, as I see we don't have enough power for breaking these two powerful areas, so we need a correction.

RSI is in over bought area and needs to correct itself.

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damn this unpredictable BTC always surprises every body
breaking and retesting

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still trying to hold itself at the area,

the good thing is that we are just on support right now.

the bad thing is to need lot of money flow for rising and breaking the resistances.

so far its surely possible for breaking like this but it will be better if we have a retracement pulse

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4h time frame some thing new shaped , a rising wedge , due to having this pattern the retracement scenario is still valid ,

Actually the retracement scenario will fail if price break the yellow dynamic down trend .

Retracement targets are the previous targets that i mentioned