BitcoinLong
Bitcoin bullish?
- We can observe some interesting structures on the chart after price broke our major downtrend line nearly at 38500.
- after breakout price made a HH at 46000, also price formed a double top pattern then it dropped again to 34500 then we started to see some weakness in the last impulse bearish movement.
- A HL formed and we already have a HH also we have a major breakout from the last major downtrend line.
- If price broke 43000 and formed a HH only then we may buy from 43000 if price goes back to retest.
- after breakout price made a HH at 46000, also price formed a double top pattern then it dropped again to 34500 then we started to see some weakness in the last impulse bearish movement.
- A HL formed and we already have a HH also we have a major breakout from the last major downtrend line.
- If price broke 43000 and formed a HH only then we may buy from 43000 if price goes back to retest.
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