Bitcoin - Be CARUFEL about breaking trendline

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Hello Guys and Community!

Check out my analysis on Bitcoin.

A lot of people are celebrating that bitcoin broke the long term trendline. I am not. There is still big chance for drop down.

I have two scenario about BTC.

Firstl the breakout is false on bitcoin will go down and create new volume levels where I will set order on pullback.

The second bitcoin will continue in uptrend and the REALLY IMPORTANT pattern for me will be, when bitcoin create TWO daily candles ABOVE the S/R zone you can see in the chart. If it will happen I will keep you updated about my pullback entry zones.

Check also other screenshot below with my key s/r levels and orderflow chart.



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Orderflow chart
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Key levels

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Yearly VWAP

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Bitcoin (Cryptocurrency)bitcoinanalysisbitcoinforecastbitcoinpricebitcointradingChart PatternsTechnical IndicatorskeylevelsorderflowpriceactionTrend Analysis

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