The daily chart shows a validated bat pattern and a hypothesis of a butterfly pattern with C and D point on the resistance/support already traced.
On the 1H there is a rising wedge almost and the end, touching the D1 resistance and with lowering volumes, this could reinforce a possible change of trend.
This could lead to a downtrend around 6900-7400$, and this could potentially be the last time to accumulate btc at a good price.
I consider the butterfly invalidated if price goes over 50 SMA or if RSI reach 60
In short next hours could be hot! Stay tuned!
#BTC #trading #BITCOIN #cryptocurrencies #criptovalute #analysis
On the 1H there is a rising wedge almost and the end, touching the D1 resistance and with lowering volumes, this could reinforce a possible change of trend.
This could lead to a downtrend around 6900-7400$, and this could potentially be the last time to accumulate btc at a good price.
I consider the butterfly invalidated if price goes over 50 SMA or if RSI reach 60
In short next hours could be hot! Stay tuned!
#BTC #trading #BITCOIN #cryptocurrencies #criptovalute #analysis
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.