Bitcoin
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Chart Pattern Analysis of Bitcoin

84
https://www.tradingview.com/x/cafM4G68/
This week's candle is most likely a bearish belt-hold line, which means a reverse of nearest uptrend.
Usually, if the uptrend want to go on, the price retracement should not closed below 0.5-0.618Fib area.

If the price of coming weeks stay below 0.5fib area, that will verify the reverse of uptrend.
I will try to short it.
If the price of coming weeks stay upon 0.382fib, the uptrend will most likely restore its strength.
I will try to buy in.


Not
Compared to K1, this week's candle K2 has a relatively decreased volume.
Supply pressure temporarily decreased.
The following week's candle will most likely test the upper limit (27000-27250).

Feragatname

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