BTC has completed its triangle formation and is now facing a pullback. The higher time frames, D1/W/M, are showing a great potential bullish trend, which tends to be short in the lower time frames. The 1-hour chart is resetting and preparing for turning back to bullish.
BTC is highly reactive on the fibonecci (61.8%). The market is very comparable to other leading cryptocurrencies like Ethereum and Litecoin.
We are expecting a bullish reversal on Tuesday or Wednesday, which slowly tends to create new higher highs in Bitcoin history. Day candles can still be depicted as Doji on Monday and Tuesday. The London session market may move quickly on Wednesday and back by the New York session. We are expecting the primary price range for the Big Bull reversal to be 43100 to 45000.
Follow the post update and leave a comment. Stay tune.
BTC is highly reactive on the fibonecci (61.8%). The market is very comparable to other leading cryptocurrencies like Ethereum and Litecoin.
We are expecting a bullish reversal on Tuesday or Wednesday, which slowly tends to create new higher highs in Bitcoin history. Day candles can still be depicted as Doji on Monday and Tuesday. The London session market may move quickly on Wednesday and back by the New York session. We are expecting the primary price range for the Big Bull reversal to be 43100 to 45000.
Follow the post update and leave a comment. Stay tune.
Note
triangle breakout and pullback, hopefully It will reach the target price.Note
BTC reached the target!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.