So i have to admit my last idea from BTC with the symmetrical triangle ( Elliot wave ABCDE) was wrong!!!
It’s really hard to again admit that the chart is looking bullish . Why:
For two simple reasons:
1. the big hidden bullish divergence . (see with the red and blue arrow)
2. the 50EMA is broken above BUT keep in mind the candle is not closed yet (that will happen in the end of this week)

There are still some good resistance lines around 48000, 52000-53000.
Can this just be a big bull trap? it’s possible. for me it’s hard to see that in this times like we have a really big inflation , war is going on, that we’re bullish (same like the stock market). Just know the inflation will get worse with those oil prices.
BUT the chart is showing BULLISH , that’s a fact.

Only if you think about it, it’s not logic in those times. For me it’s just a matter of time, btc will go down again.
Maybe in may, probably and finally the FED will put in some bigger hikes. because last time was just a joke. It’s really necessary to put in some big hikes to battle the high inflation . that’s the moment the stock market will go down and crypto ass well.

But for this moment yes BULLISH