W pattern, breakup or breakdown?

17 Oca

Greetings dear readers,

In the blue line I have drawn the W pattern that we see on the BTCUSD chart.

It can break out here from the neckline, to new highs. Maybe it can go retest the ATH (at 108k), the lower bound of the uptrend channel,...

Or the W pattern fails here and BTC goes back to retest the 90k support.

Stay Strong,
Co9

26 Oca

Not

What if the 20th of januari was a retest of the ath and the lower bound of the uptrend channel? (because lines on charts are flexible, you have to try to "not see them" even when they're there, they are just guidelines.)

Then it could mean that we double topped the 20th of januari.

I wonder how this will further develop!

2 Şub

Not

Back under the neckline!