Bitcoin Long term analysis

30 mai 2021

Looking at the price action we are currently in a symmetrical triangle on the upside if price breaks the symmetrical triangle around $38500 will be looking at price action heading towards the region of the neckline of the head and shoulder (resistance level). The bears are starting to lose steam.

MArket will however become more bearish if price action break below the psychological support line of 30,000$.

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3 juin 2021

Transaction en cours

Resistance @$38500 breached, price action heading upwards towards $42759
tradingview.com/x/eOsaJbgL/.

3 juin 2021

Note

I'm also of the opinion that the bearish trend isn't fully accomplished, Symmetrical triangles possess lots of divergences on price-oscillator values. 42K might act as not only resistance but start of fresh bearish trend.

7 juin 2021

Transaction en cours

Looking more bearish. Wave 5 incoming.

14 juin 2021

Note

Fortunately Due to break in descending trendline, BTC is looking more bullish on 4H, target levels identified by the Fib levels.