Good morning,
"someone" had something against the breakdown of this major symmetrical triangle and pushed the price up to the very important Apex Median of this big symmetrical triangle, that still looks very valid.
Especially after the last two spot landings on the ascending support and the reversal, the triangle looks strong. This means nothing else, then: Any break-up or down can be violent and volatile and bound to a major increase in volume.
Also, referring to the last bottom we have seen within this triangle, there is the possibility we are just witnessing another Adam and Eve bottom. The neckline is the Monthly Pivot.
I am really looking forward to the results of this entire situation around Bitcoin.
Major resistance: $10800
Major support: around $9900
___________________________
Warm regards,
Neru
"someone" had something against the breakdown of this major symmetrical triangle and pushed the price up to the very important Apex Median of this big symmetrical triangle, that still looks very valid.
Especially after the last two spot landings on the ascending support and the reversal, the triangle looks strong. This means nothing else, then: Any break-up or down can be violent and volatile and bound to a major increase in volume.
Also, referring to the last bottom we have seen within this triangle, there is the possibility we are just witnessing another Adam and Eve bottom. The neckline is the Monthly Pivot.
I am really looking forward to the results of this entire situation around Bitcoin.
Major resistance: $10800
Major support: around $9900
___________________________
Warm regards,
Neru
