BTC - Long Term
% Price broke through monthly resistance ($46971) and retested and currently at $52730. ( Previously price was on phase 2 of Monthly up trendline and made Fib 50% Retracement as a support. )
% Price retested Weekly Up trending Fib Retracement 61.8% and has tested the weekly down trending trendline along with Down trending Fib retracement 78.6% , $52921. And forming a Descending Triangle ?. ( 13/48-50/100/200 Emas are with wider separation and pointing upwards ... But Volume is lacking)
% Potential Patterns - Wkly: Descending Triangle, Inverse H&S
% Market cycle/Long term entry if price pull back: 35K to 31K
% if price were to broke out of Descending triangle and the Down trending Fib retracement (78.6% - $ 52921) : i would rather do trades on Large to mid caps until i can see strong investor sentiment. But i wont hesitate to stack some if price pull back to key resistance levels below 40K for mid term/Long term entry.
% Price retested Weekly Up trending Fib Retracement 61.8% and has tested the weekly down trending trendline along with Down trending Fib retracement 78.6% , $52921. And forming a Descending Triangle ?. ( 13/48-50/100/200 Emas are with wider separation and pointing upwards ... But Volume is lacking)
% Potential Patterns - Wkly: Descending Triangle, Inverse H&S
% Market cycle/Long term entry if price pull back: 35K to 31K
% if price were to broke out of Descending triangle and the Down trending Fib retracement (78.6% - $ 52921) : i would rather do trades on Large to mid caps until i can see strong investor sentiment. But i wont hesitate to stack some if price pull back to key resistance levels below 40K for mid term/Long term entry.
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