While i prefer to be bullish on BTC, I can't disregard the fact that we broke up-sloping support (Purple Line).
- Price needs to break back above the purple up-sloping line to go bullish.
- Measured move of the BAR Reversal top from the point of the breakout is the .618 retrace from our major swing low to current swing high - $7236
I see quite a few harmonic patterns within this trading range, but what stands out the most in my opinion is the break of up-sloping support.
- Price needs to break back above the purple up-sloping line to go bullish.
- Measured move of the BAR Reversal top from the point of the breakout is the .618 retrace from our major swing low to current swing high - $7236
I see quite a few harmonic patterns within this trading range, but what stands out the most in my opinion is the break of up-sloping support.