#btc Local bottom.
Long position for couple weeks to 2 targets.
RR 1:9
Target 1 close 50% of position
Target 2 close
SL 91617$
Bias: multiple support levels, Fibonacci window for uptrend, third wave complete from last ATH .
@inmortalcrypto What if this time we face the end of this cycle, as you see left of the chart the rsi 35 follow a deeper correction who leads to the bear trend at 2022
@TATrader_Alan Descending triangles are classic bearish continuation patterns, signaling weakening buyer momentum as prices make lower highs but test the same support repeatedly. Backtests across crypto and broader markets show:
Bearish breakdown odds: 65β73%.
Solana 22 okt. If that line at 183$ brake first target is 177$ at that price we have the POC of the main trend and also the previous LLs so is a level that price can make a pull back at 183$ . After that if price can't break the line 181$-183$ will drop to 149$ to the main POC