Technical analysis by hhMaxima38 about Symbol BTC on 9/5/2024

BTC has been trading downwards for the past 13 days, which I personally prefer. Trading upwards after a sell-off usually signals a continuation of the sell-off (Bear Flags). not that we haven't done that prior to the 13 days There is a bullish divergence on the 4H chart, presenting three potential scenarios: 1. Green = Bullish scenario, the bullish divergence plays out and we break out to the upside and start a new sustainable bullish trend. Youpiii ! 2. Blue = we break down and pray we get caught in the low 50s or else. - Bearish 3. Yellow = We bounce, and the bullish divergence plays out, but the downtrend could resume, bringing us back to the praying scenario. - Bearish So yeah 2 bearish scenarios and 1 bullish scenario. Meh "That's it, that's the idea" - Good night