Hello guys,
we are still in Bitcoin´s comfort zone on the bigger interval and are going towards the Halving in May (11th now).
Currently miners are profitable and the worsening news from around the world do not seem to play a big role at the moment.
So quick update here on the 6H interval.
At the moment I am not entirely sure if this is rising wedge or if this an ascending triangle, but in the end it does not matter, due
to the fact we are looking at breaks & confirmations. Currently Bitcoin is on one of those bigger horizontal resistances and probably can make a bit of a jump
if this level breaks up. But please also be reminded, that the way down is AS CLOSE.
As usual important levels are market for you. Watch out also for the important Leadline(s).
Stay safe guys!!!
Neru
we are still in Bitcoin´s comfort zone on the bigger interval and are going towards the Halving in May (11th now).
Currently miners are profitable and the worsening news from around the world do not seem to play a big role at the moment.
So quick update here on the 6H interval.
At the moment I am not entirely sure if this is rising wedge or if this an ascending triangle, but in the end it does not matter, due
to the fact we are looking at breaks & confirmations. Currently Bitcoin is on one of those bigger horizontal resistances and probably can make a bit of a jump
if this level breaks up. But please also be reminded, that the way down is AS CLOSE.
As usual important levels are market for you. Watch out also for the important Leadline(s).
Stay safe guys!!!
Neru
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