A short term idea of how BTC will move

23 Mar 2023

Hello,

You can see here the pattern BTC might form. We might see 28600 first and then back to 27400.

Please be aware that patterns do fail.

A different outlook of M Pattern is below. M pattern can be of many kinds. It does not need to be a perfect M.



BTC is bearish. I do not suggest a long position.

You can take a short position at 28500 and take part entries with low lev.

TP at 27500. Follow risk Management

Never use high Lev. Protect your funds.

We have BTC in the oversold zone in 1 day and 1 week.

CME gap at around 21000

Thank You

23 Mar 2023

Not

if you see the 5-minute chart below. it is already trying to complete the M pattern.