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$BTC What Happened!?
In my previous analysis this morning we had the green Adam and Eve double bottom.
Price action got rejected near the green hashed trigger line of the pattern.
Price then lost the 1 min 200MA.
That was a easy short entry.
Remember when price is above the 1 min 200MA it is bullish.
Price goes below the 1min 200MA price go down.
Simple...
Blue Cup And Handle + Bullish Restest of 1min 200MA 👀
What did we just learn.
Basically, the same situation as this morning just a different pattern.
Here with the blue falling wedge handle. We can assume a short dip below the 1-min 200MA is fine if the trendline holds.
However, price must breakout back above the yellow 200MA quickly. Then the top trendline of the blue falling wedge handle.
The bullish retest of the breakout could be a good long opportunity.
All timeframes are the same. 🤔
NFA, DYOR ⚠️
#Crypto #Trading #BTC