BTC Idea Based in Patterns.

This idea is based on the fact that BTC has repeated the same pattern 3 times in a bearish channel, although it will not necessarily continue to be fulfilled, if a pullback is made we could determine an exit. Although currently BTC is not in a good having broken its EMA20 and SMA50.

Part 1:

Part 2:

Part 3:


They are not really very positive, I would go short if he is rejected in the 51k. If you get a pullback, it wouldn't get personal. This is just a pattern-based idea, don't take it too literally.

Indicators:

Exchange BTCUSDT 2h Binance
Price:50,675.10|49,066.77|47,598.87
Vol: 7,356| 8,951| 13,533
ATR: 1,169.5000

OBV: -54.8 K| -62.2 K| -71.2 K
RSI: 53.54| 44.09| 32.45
MFI: 41.65| 38.23| 33.13
CCI: 56.59| -155.03| -291.78
WR%: -7.73| -41.26| -81.61
ADX: 20.93| 22.20| 21.08

MOM: Bullish Momentum
SMA: Price is Above SMA Bullish
ADI: +DI >DI BULLISH
MACD: Bullish
PSAR: Bullish

Support And Resistance
S: $47,598.870
S: $49,333.010
R: $50,853.720

Volatility is moderately low

EXPERIMENTAL 🧪
RSI:No divergences
MI: Bearish divergence
FVE: Bearish divergence
Volume: Bullish Volume Trend