BTC has another potential dip
Hi everyone, here is my TA on BTC/USDT on a 1h time frame
- Market is forming a symmetrical triangle but i don't think it's complete
- Inside that is initially, market has formed a rising wedge pattern which favors the bears
- After breaking out the lower trend line of the rising wedge, it consolidate a bit and formed an H&S pattern
- If BTC Price break the neckline of the H&S pattern, we might see another push to the downside.
Overall I'm still bearish on BTC unless I see a major turnover that would favor the bulls ( Like a breakout above the trend line ) NFA, DYOR & TAYOR. Good luck!
- Market is forming a symmetrical triangle but i don't think it's complete
- Inside that is initially, market has formed a rising wedge pattern which favors the bears
- After breaking out the lower trend line of the rising wedge, it consolidate a bit and formed an H&S pattern
- If BTC Price break the neckline of the H&S pattern, we might see another push to the downside.
Overall I'm still bearish on BTC unless I see a major turnover that would favor the bulls ( Like a breakout above the trend line ) NFA, DYOR & TAYOR. Good luck!
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.