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Bitcoin: Will it drop to 38k?!

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Based on this 4H chart, it's currently in a downtrend.

Also, completed an ABCDE continuation pattern. Forecast to see a small pullback to Supply Zone before selling off!

Target profit 1 = next support i.e. 40k area (based on Daily)

Target profit 2 = next Demand Zone around 38k area (based on Daily)

Heading into the weekend. Volatility usually isn't high. Be patient and don't chase the market. Wait for some reversal pattern at 1H chart before entering.

Trade safely!

Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.

If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Not
Yikes! Didn't even reach Supply Zone and it started dropping!
İşlem kapandı: durdurma seviyesi
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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.