ebrahimilad
@t_ebrahimilad
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ebrahimilad
Bitcoin’s price action has responded to the upper boundary of the channel, indicating a potential reversal. In the near term, we anticipate the development of a minor triangle pattern, which will likely precede a sharp upside break above the channel’s resistance. The subsequent reaction zone is expected to be situated around $100,000 ± $2,000, where a triangular or rectangular consolidation pattern will form, ultimately leading to a corrective move towards the broken channel’s upper boundary.
ebrahimilad
BTC is completing its 5th wave BTC is completing its 5th wave. This wave is not strong enough to hold on for more than two weeks based on the divergence in RSI and MACD. It seems to be a good opportunity (R/R 1:3).
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