BTC has bounced from a major support zone of 29000 but at 4HR time frame it looks like completing AB=CD pattern. If the Support is Broken, we can see a massive bearish trend.
After the massive fall from around 40000 the scrip is currently bouncing back for a new Lower High Formation. We can expect resistance at 34000 followed by a bearish rally as mentioned above. Contrary to that if Resistance at 34000 is broken we can expect a very unlikely recovery.
PS: This is not an investment advice- the analysis is purely based on own understanding.
After the massive fall from around 40000 the scrip is currently bouncing back for a new Lower High Formation. We can expect resistance at 34000 followed by a bearish rally as mentioned above. Contrary to that if Resistance at 34000 is broken we can expect a very unlikely recovery.
PS: This is not an investment advice- the analysis is purely based on own understanding.
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.