BTC : A Scenario We DON'T WANT To See ⛔

4 Nis 2023

Hi Traders, Investors and Speculators of the Charts 📈📉

Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.

Bitcoin is consolidating under resistance zone of 29K - 30k and this is BULLISH. However, it's worth pointing out a possible scenario that we DON'T want to see right now - a drop under 25k. This will form an ugly Head and Shoulders pattern that could take us back to a brief wick support around 19k.

I'm labelling this post as a "long" or bullish, because until we actually drop under 25K, I remain of the opinion that we've stared a new bullish cycle.

While you're here 👀 Check out this update on XLM which recently increased nearly 60% :

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CryptoCheck

11 Nis 2023

Not

Bullish scenario looking the most probable at this point

20 Nis 2023

Not

We can't afford to lose BTC support now, HOLD 28K otherwise 26K seems likely