OrriginalCrypto on Nostr: #Bitcoin Daily Got to be said that Bitcoin is beginning to look a little Bearish and ...
#Bitcoin Daily
Got to be said that Bitcoin is beginning to look a little Bearish and yet at the same time, we do have support and so, while a max Drop for me is around 51K, we may not go all that way.
But, again, it has to be said, 51K is the lower trendline on the channel we been in since March. It is possible to arrive there again.
We have been posting a series of Lower Highs and Lower Lows.
This is con good if it continues HOWEVER, it could also be said we are still printing the handle of a CAP AND HANDLE Pattern and untill the handle drops below the Cup rim, it is still valid.
So, in short, PA is at a Cross roads and undecided
It needs a Kick up the backside to get it started
Sometimes, technicals just do not Cut it.
Published at
2024-09-01 10:24:03Event JSON
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"content": "#Bitcoin Daily\nGot to be said that Bitcoin is beginning to look a little Bearish and yet at the same time, we do have support and so, while a max Drop for me is around 51K, we may not go all that way. \nBut, again, it has to be said, 51K is the lower trendline on the channel we been in since March. It is possible to arrive there again.\nWe have been posting a series of Lower Highs and Lower Lows.\nThis is con good if it continues HOWEVER, it could also be said we are still printing the handle of a CAP AND HANDLE Pattern and untill the handle drops below the Cup rim, it is still valid.\nSo, in short, PA is at a Cross roads and undecided\nIt needs a Kick up the backside to get it started\nSometimes, technicals just do not Cut it.\n\nhttps://m.primal.net/KYcN.png ",
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