
bitqueen95
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2021-07-05 13:10
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Bitqueen95: BTC Weekly Closed below the multi-month Higher Low & already this HL is acting as resistance
#BTC Weekly Closed below the multi-month Higher Low & already this HL is acting as resistance The blue 50-week EMA is still holding as support If this HL isn't reclaimed as support soon, the sell-side
bitqueen95:- Despite the recent rebound, #BTC is still threatening to lose its multi-month Higher Low
Despite the recent rebound, #BTC is still threatening to lose its multi-month Higher Low $BTC needs to Weekly Close above ~$34600 to secure this Higher Low as support for an 8th week in a row #Crypto #Bitcoin
Bitqueen95:- BTC is forming an orange pennant-like formation at the very highs of this downtrending wedging structure
#BTC is forming an orange pennant-like formation at the very highs of this downtrending wedging structure And $BTC is coiling in towards the apex of this pennant-like pattern Price compression is taking