BTC going back to where the Elon 1.5B-tweet rally began
BTC in the weekly chart could not even hold above the previous breakdown candle low @41900
It seems to be following a narrow descending wedge down.
It should get above 45k to be bullish. Otherwise, there are only 2 strong supports below:
1) the 38k zone where Elon's 1.5B tweet started the big rally. (Quite logical coz Elon sold out his BTC, so those who idolize him sold out too...hahaha)
2) the double bottom at 30k. (Final trip to wave 5...all aboard!)
What do you think? Pls do make your own analysis & comment them here.
It seems to be following a narrow descending wedge down.
It should get above 45k to be bullish. Otherwise, there are only 2 strong supports below:
1) the 38k zone where Elon's 1.5B tweet started the big rally. (Quite logical coz Elon sold out his BTC, so those who idolize him sold out too...hahaha)
2) the double bottom at 30k. (Final trip to wave 5...all aboard!)
What do you think? Pls do make your own analysis & comment them here.
& ma200 (red). However, if the current violet uptrend line being retested holds, we may see reversal candles in a few days. There will be a short bounce to retest 45-46k before any further downside.