@ArShevelev Bitcoin Weekly Chart Overview XBT

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Hi there, Bitcoin chart showing some stability over the week, many people started to think that the market is recovering and it will be bullish in nearest future. Well I have doubts about it, so we calculating our probabilities to manage risks before taking trade decisions.

Look at chart now: it showing us Ascending Triangle, and price still developing inside it. So before breakout we can't take our long-term trade.

Look at Resistance lines they are Blue and formed with 2018 highs. Here we can see some short opportunities near it, approximately at 4400-4800-5200 levels (Fibonacci levels).

Indicator RSI now forming pattern similar to bear flag.


Previous important ideas:
Wyckoff logic:

Monthly Candlesticks:

Total market cap accumulation?!

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ملاحظة

DUMP?! Always check divergences: