As we can see here, a 123 reversal pattern is forming, BTC can not make it to break the new level at 9188 (marked with number 1).
So we wait for price to go down below 8515 to confirm a new downtrend.
Additional, MACD below shows a signal for short orders, I think a bearish trend is possible.
Price may bounce back at strong support zone at 61.8% fib and go back trying to break 9188 again.
Good luck!
So we wait for price to go down below 8515 to confirm a new downtrend.
Additional, MACD below shows a signal for short orders, I think a bearish trend is possible.
Price may bounce back at strong support zone at 61.8% fib and go back trying to break 9188 again.
Good luck!
تعليق:
Sorry for the wrong information in description, the break down like is 8368
تعليق:
We have a bearish pattern waiting for being confirmed here
تعليق:
We got got it broken, confirmed the bearish flag pattern
تعليق:
After a false break, BTC price tries to break the pattern again
تعليق:
Bearish confirmed!
تعليق:
On 4h chart, the range of flag pattern seems wider than I thought after a day. So now I update the new flag pattern on 4h chart. My opinion is still the same: a bearish is coming.
تعليق:
BTC price has broken 8368. Now we expect a new downtrend to at least 8214 which is 61.8% fib level.
أغلقت الصفقة: تم الوصول للهدف:
Support zone touched.
BTC price will go down a bit and retrace back to 8k5-8k6 level.
BTC price will go down a bit and retrace back to 8k5-8k6 level.