On daily chart, the red trend line has not ever been broken. This means the descending trend for BTC has not finished yet, and our last last idea of a retest of 6k is still possible. BTC is still on the son-wave 5 of the wave 3.
On 4hourly and daily charts the downtrend seems to be broken, so yeah it looks like it's going up!
FUNTRADER-Vera
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@Halilotti, yes, broken but still not enough power to make BTC rally!
Halilotti
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@FUNTRADER-Vera, it looks like your upper barrier has been broken as well, are you still bearish? it looks like 10 K is the new barrier?
adam_evangelos
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What does this mean? are we still bearish or bullish since it brokeout?
Is there still a chance to revisit 6K?
KemalAkinozyaka
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So what ? Trend has changed? Going up?
Giovi6969
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@KemalAkinozyaka,
It broke the local downtrend, now we can expect Btc to follow the waves Vera indicated on the new local uptrend created.
EspressoDopio
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@Giorgioversace, the daily trend still hasnt changed. It might take some more time until we have clarity. Hold back your trades until it is more clear which way we go from this cross-roads
FUNTRADER-Vera
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@Giorgioversace, thank you for your comments!
Yes, the trend line is broken , right now we see a resistance zone pressuring BTC now.