Bitcoin still bearish based in my perspective point!!!
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At the moment, I see recently that Bitcoin starting to up, but in general, Bitcoin it's below of the 3 EMAS: 200, 50 and 21.That mean that Bitcoin still in the bearish movement until $45,000 USD, that it's a Daily strong support and the best price to continue buy more Bitcoin. I know that the market it's overbought and that chances could to jump the Bitcoin price to down.
In Daily, it's bearish. But in H4 it's could to form another simetric triangle, and that could be a possibilities that Bitcoin it's in the middle point to down. And also, in H4 we see a bullish divergences, but remember, that not guarantize that Bitcoin up by divergences, use always the price action, in that case, Bitcoin still bearish until $45,000 USD. Now, depending what happened today, if Bitcoin just make a support above of $50,000 USD and continue up in the next hours, my others perspective it's that maybe Bitcoin could to form a shoulder head shoulder inverted in H4 timeframe.
In Daily, it's bearish. But in H4 it's could to form another simetric triangle, and that could be a possibilities that Bitcoin it's in the middle point to down. And also, in H4 we see a bullish divergences, but remember, that not guarantize that Bitcoin up by divergences, use always the price action, in that case, Bitcoin still bearish until $45,000 USD. Now, depending what happened today, if Bitcoin just make a support above of $50,000 USD and continue up in the next hours, my others perspective it's that maybe Bitcoin could to form a shoulder head shoulder inverted in H4 timeframe.
Nota
Remember, we''re in break even, if you follow the BItcoin signal from 54k, at the moment, my break even it's in the entry price. For that, any earn or loss it's nothing.Nota
Bitcoin form an exactly simetric triangle flag. That supposed that we need to continue down to 45k. I down the break even to $52,500 USD.
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