OrriginalCrypto on Nostr: #Bitcoin Daily Chart from March 2021 to the end of that apex in June 2025. A LOT has ...
#Bitcoin Daily
Chart from March 2021 to the end of that apex in June 2025.
A LOT has happened in that time and is about to Kick off again...or is it ?
YES - That is a Bullish pennant. Sentiment is strong, Corporations have entered the field and #BTC is now recognised for what it is.
PA broke through the Fib Circle that rejected PA in Nov 2021 ( Bold white Arc on image ) and has tested it as support numerous times. And now we Rise on that long term trend line that was Resistance until Feb 2024.
But as you can see, PA is entering a Zone of High resistance and Support. And PA will get Squeezed.
PA must break out of that rising converging channel before it gets pushed down.
You can see the effect Fib circles have on PA and we hit the next one in September sometime.
PA certainly has the ability to push higher now with the weekly MACD near Neutral and the Daily only just over Neutral, having risen from the Low.
We are just playing a waiting game right now......
But remain cautious until we rise above 73K and hold that.
Have Fun
Published at
2024-08-29 07:47:34Event JSON
{
"id": "cfcad546183a4721100e2bc224611eda59fe9c73fd4e958d06e2820a3992d33b",
"pubkey": "f7c21192aad6515aa67dbee43a73386bfbe2a8858909587c2b154f86a383f3ce",
"created_at": 1724917654,
"kind": 1,
"tags": [
[
"t",
"Bitcoin"
],
[
"t",
"BTC"
]
],
"content": "#Bitcoin Daily\nChart from March 2021 to the end of that apex in June 2025.\nA LOT has happened in that time and is about to Kick off again...or is it ?\nYES - That is a Bullish pennant. Sentiment is strong, Corporations have entered the field and #BTC is now recognised for what it is.\nPA broke through the Fib Circle that rejected PA in Nov 2021 ( Bold white Arc on image ) and has tested it as support numerous times. And now we Rise on that long term trend line that was Resistance until Feb 2024.\nBut as you can see, PA is entering a Zone of High resistance and Support. And PA will get Squeezed.\nPA must break out of that rising converging channel before it gets pushed down.\nYou can see the effect Fib circles have on PA and we hit the next one in September sometime.\nPA certainly has the ability to push higher now with the weekly MACD near Neutral and the Daily only just over Neutral, having risen from the Low.\nWe are just playing a waiting game right now......\nBut remain cautious until we rise above 73K and hold that.\nHave Fun\nhttps://m.primal.net/KTHq.png ",
"sig": "2fe3e926e8ce6bc74f504141bdc77680c1e5ad61a598ef9ac1e4b0810e1cd4c06b27cf4b1b35aabb1fb2b7b7d226a141ab19b4c23aaa4a0ee66d89f059d363ad"
}
