BITCOIN 50k broken, and weekly bull flag in progress. Retiring downtrend channel and descending triangles now.
(Weekly Chart)
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The closest pattern is BULL FLAG. Shaping nicely, we are almost at 50k.
BITCOIN is still squeezed between 40k and 50k. Confirmation of a bullish rally requires a solid breakout of over 50k
(Weekly Chart)
BITCOIN is toasted between 40k and 50k. It still has no clue what to do. Stuck between #evergrande and #people.
(Weekly Chart)
Many confusing news about #evergrande and their bonds. It’s paid, it’s due, next month. All seems like a gaining time before something big happen. Therefore BTC stuck between 40k and a50k.
(Weekly Chart)
BTC has a hard time finding a direction. Continue to consolidate between 40k and 50k. My projection is it will continue to consolidate for a while. (Daily Chart)
#FED, #FOMC, #EVERGRANDE. Big triangle of September. These will determine the fate of BTC and other markets.
(Weekly Chart)
As I told you yesterday, bitcoin lingers between 40k and 50k. Any breakout under 40k, will signal entering bearish season, any breakout over 50k will signal bullish season.
Our downtrend channel works. #Evergrande news keep affecting the markets. It looks like we will linger between 40k and 50k. (Weekly Chart)
We have to analyze bitcoin wisely. Forming 3 distinct patterns. The key price is 50.000, this will determine its future. (Weekly Chart)
Mete KAPLAN 