Bitcoin Recovery??

2 Mar 2021

Bitcoin has followed our ABCD breakout nicely, and looks like it is coming up for air. We have a nice dragon head pattern forming on the 30 min charts, which may suggest a breakout soon. If not there is a vacuum zone below to 45.6K. Even if it does retrace through here, that should just be a minor correction to the overall bull trend. It appears the bear selloff has let up, and we are in recovery mode. We do have some pesky levels from above to conquer before making a run for all time highs. The levels 49.7K, 50K, and 52.8K will all provide resistance and may be considered profit targets for some short term trades if youbought this dip