$BTC update
Been in this long for a week. Sweep of 94.1K~ would be last acceptable level for this trade IMO. Inval still at local lows, likely just going to ride this out. I think it'd be pretty bearish if we go new local lows here. Hoping this is the final shakeout. We'll see.
#BTC
Bitcoin is holding this potential pattern, the series of Higher Lows remain intact
Downside wicks below the Higher Low are permitted but price needs to continue holding above ~$96500 on the Weekly and reclaim $97900 for intra-pattern continuation
$BTC #Crypto#Bitcoin
#BTC
New Monthly Candle Close is in to confirm an exit from the Bull Flag
Now price is pulling back for a post-breakout retest of the Bull Flag top to fully confirm the breakout, with possible scope for downside wicks on the retest
$BTC #Crypto#Bitcoin
The tip wasn't enough. She wants more.
As per my original post this brings the .48-.58 cluster of demand into play.
That being said, we have a number of higher TF support zones around this region too (monthly bullish breaker at .40-.50) and range lows and monthly demand below that (.20-.30)- so we could even go lower but it wouldn't be much of a cause for concern.
We have 26 days until the next monthly close- my bet is this monthly candle will just end up being a large wick into one (or more) of the HTF support zones below before closing back above flipped monthly supply at .58.
If I wasn't already fully loaded on spot, I would be laddering spot bids down into these HTF zones- time to go fishing for spot holders/buyers.
$CRV
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