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#BTC 30m TF

We can see many things here:

• Rising wedge Pattern: trend attempted to break above resistance (Bull Trap) and dumped right after (Crypto Style).

• Trend broke above September 2018 HIGH (Horizontal Resistance). It retested this level twice and bounced up pretty hard on both attempts. Trend is still above this level but the market structure of this uptrend is starting to break down.

• Trend breaking below the Green Kumo can be another bearish sign but I don't trust the cloud on 30m TF that much.

• Trend respecting the Green Bullish OB (demand zone) but the trend is also trying to break above the Red Breaker Block. Horizontal levels are being respected pretty good in this chart.

#BTC 1W TF

• Rejected at MA100.
• Trend Reached 61.80% Fibonacci Retracement
• The spike happend right on the cross between MA10 and MA50

Breaking these levels. Especially staying above September HIGH in the LTF can keep things bullish. Looking at TA I'm still expecting a small correction. Correction that must not bring trend below MA200 in the daily TF to keep the scenario bullish in the mid-term.

For further any queries
Ask @luckys

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