Since 21 July Bitcoin is up +40% and made nice profits for holders.
Now price approach important resistance (1) and might take some timeout after 10-in-a-row days of green candles.
The growth of 21 July was supported by Bullish Divergence (2)
Now this pump is 98% similar to the pump (3) at right chart side.
Both chart complete these criterias (reasons for down)
1 - Resistance
2 - Bullish divergence
3 - Pump
I will reconsider my bearish sentiment if price will breakout from resistance with solid movement and bullish price patterns thereafter.
Stay safe
Best regards
Artem Shevelev
Now price approach important resistance (1) and might take some timeout after 10-in-a-row days of green candles.
The growth of 21 July was supported by Bullish Divergence (2)
Now this pump is 98% similar to the pump (3) at right chart side.
Both chart complete these criterias (reasons for down)
1 - Resistance
2 - Bullish divergence
3 - Pump
I will reconsider my bearish sentiment if price will breakout from resistance with solid movement and bullish price patterns thereafter.
Stay safe
Best regards
Artem Shevelev
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