Sboschie
@t_Sboschie
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Sboschie
1W TF:Anticipating BTC to continue its downtrend. As per previous bullish flag followed by a rally, BTC shows forming another bullish flag pattern currently lower highs and lower lows. Currently approaching a 93.5K-89.5K zone. 20EMA coming into play within the zone forming a strong area of confluence. MACD crossing to the downside supporting a downtrend. A dead cat BOUNCE at 89K is a possibilty to fetch more liquidity followed by a rally to the upside.
Sboschie
Price currently sitting at a confluence of horizontal resistance, diagonal resistance, 200EMA. Breakout above the confluence,rally to the upside,🚀🚀 Breakdown of structure price will retrace to the downside.
Sboschie
4HR TF: Immediate resistence tested and failed to break above.20EMA acted as second Resistence. BTC is likely not ready yet for rally to the upside.
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