#BTC isn't that Bullish. Be careful don't listen to the Herd!

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Welcome to this quick BTC Update Guys.
This isn't a recommendation to short BTC.
BTC is hitting the resistance right now.
Also it is trading under a rising wedge channel which is a bearish pattern.
Successfull daily close above $12200 will confirm a rally to $13800 which seems unlikely fro now.
The weekend is near so I don't think BTC could just break that 12k level without even having a healthy retracement.

I could be wrong and I will be happy if I am.
Though I make unbiased charts, still I consider myself a BTC Bull.
Important support levels have been plotted in the chart. Please observe.
Reading my charts will help you to analyse Price actions very easily. I try to make it look very simple for you to understand,
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Be vigilant to the market.
When BTC Pumps that is the right time to get into altcoins because they dip and bounce very quickly.

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Stay safe

#PEACE

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The above analysis is done on a 2 hour Chart, What I am saying here is we need to consolidate more around 11600- 11900 range.
I am not bearish. BTC Broke a 953 days old resistance so it isn't bearish at all.
Read my last Update, When BTC was trading around $8330 I speculated a 12k BTC in Aug 2020. So do not misinterpret the information here.
This is scenario 2. If BTC manages to bounce back from this channel it will eventually complete a bullish Pennant pattern.

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So far all good and accurately predicted.
Rejected, touched 11667 almost 223 points down in 11 hours.
Let's see if Scenario 2 works here and we see a bounce.
Break below the channel would eventually lead to 11k retest.
I will keep this idea updated.

Thank you

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Another attempt to break the 12k Resistance.
Though its trading above 12k the real Resistance lies around $12221. Any break above that range could signal for a rally around 12700 level and possibly $13760 within the end of this month.
Rejection would pull BTC all the way around $11500.
Let's see how it goes. I will keep you updated.

Daily close will clear more dust.
For now wait aside and do not FOMO Buy or Sell anything.

Stay tuned

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Welcome to this quick update on BTC.
BTC is just holding the support atm.
Breakdown will lead to $11600 level. A bounce will result in a move above $12500 easily. I think it should hold the support. Let's see what happens.
I will keep this chart updated,
Stay tuned.