BitcoinLong
BTC in 200days now Consolidating and Now Finalizing BULLISH FLAG
Simply market structure study on why the bears absolutely must make a stand right here...
BTC has been in a HTF downtrend for over 200 days. The red dots clearly outline the bleeding structure of lower highs & higher lows that have plagued crypto since March.
The September 6th bottom is very significant because it is POTENTIALLY the first HTF higher low in 6 months... but the jobs not finish.
In order to be in a confirmed uptrend, #Bitcoin needs to get above 65k. If bears can't protect that high, then #BTC will have had a confirmed market structure break to the upside... this breaks the 200 day downtrend.
A lot of altcoin charts are looking big time bottomed. If bears can't defend 65k, crypto likely rips higher in the coming weeks.
BTC has been in a HTF downtrend for over 200 days. The red dots clearly outline the bleeding structure of lower highs & higher lows that have plagued crypto since March. The September 6th bottom is very significant because it is POTENTIALLY the first HTF higher low in 6 months... but the jobs not finish.
In order to be in a confirmed uptrend, #Bitcoin needs to get above 65k. If bears can't protect that high, then #BTC will have had a confirmed market structure break to the upside... this breaks the 200 day downtrend.
A lot of altcoin charts are looking big time bottomed. If bears can't defend 65k, crypto likely rips higher in the coming weeks.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.