the thicker the line, the more resistance/support there is. Keep in mind (this is the most bullish scenario for BTC) - Red lines are resistance - Green lines are support.
We've all seen that when Bitcoin drops, the bitcoin dominance increases. - If we get a drop from around the 42k, this pattern is a very possible outcome. - Let me know how you are looking at this CRYPTOCAP:BTC
We need to make a higher high than the recent high to make this pattern invalid. Any other toughts?
Another chart idea. - Important is to make a higher high now. - After that we need to take profits around the 42k level. - On the 8hr RSI, we can see that it's over extended. A small pullback from the 42k level is very possible. - If we break the 42k level, we buy back at the retest. Any questions or thoughts? - leave a comment XD
Bullish scenario - Higher high Bearish scenario - Lower high and forming a H/S pattern