Guys I have posted analysis on BTC yesterday.
You can read here What I said. https://steemit.com/crypto/@hasan019/breakout-soon-but-no-trade
I said in that article 50 million usdt has been printed and we may see some upwards movement. But I also said we have 4 hour 200 MA. We just hit today and we are now trying to break.
See as expected we have shown some retest to 200 ma. however 4 hour candle looks forming Cup and handle which is a bullish sign. Handle has not been formed yet.
Now lets look daily time frame.
If we break 200 ma successfully we may see this. I believe this will happen to liquidate shorts. Many people opened short position at this level.
Bearish View:
We may consider it also as a bear flag. If we go more up I am no longer consider it bear flag.
No position Yet. If I open I will let you know here.
What do you think let me know..
