Hello everybody , a long time ago no updates for bitcoin because there's nothing to say * Sideways boring *
On the left we can see a clear falling wedge and as always we know that bitcoin never lie on falling wedges but on the right also we have a bearish flag may take us to 3300$ * Binance price* but in my opinion the coming is bullish not bearish but we need at least 1 confirmation that is closing 1D candle above 3525$
In addition that we have a very important reversal date 14 Feb before this date i'll tell you what is gonna happen because we're in a very difficult situation is we gonna take the bearish triangle of the star or we'll touch the bottom of diamond then we drop inside the bearish triangle so we need a break-out for this diamond to reach 4800$
I know that we can't wait the action for the entry so i'm gonna give you the summary
In my opinion you have 2 options for now:
1- Buy now with stop-loss under the pervious bottom
2- Wait for the break-out 3520$ or buy at 3300$
Don't forget to Like if you see this analysis helpful for you
Thanks