Hello everyone
The price of bitcoin moving within a bullish channel, rising to form double bottom patterns.
Today's candle has closed below 50592, forming a hammer pattern at TF of 4h.
The price could drop to the neckline and then reject it to get the next momentum. To confirm the movement wait for a candle close above the 50592 level.
Possible targets at 52423 fibonacci level -0.272.
You can leave your opinion below, thanks
Trader Dark Eyes
Information about the chart:
White line: TF 1D
Yellow Line: TF 12H
Gray Line: TF 4H
The price of bitcoin moving within a bullish channel, rising to form double bottom patterns.
Today's candle has closed below 50592, forming a hammer pattern at TF of 4h.
The price could drop to the neckline and then reject it to get the next momentum. To confirm the movement wait for a candle close above the 50592 level.
Possible targets at 52423 fibonacci level -0.272.
You can leave your opinion below, thanks
Trader Dark Eyes
Information about the chart:
White line: TF 1D
Yellow Line: TF 12H
Gray Line: TF 4H
Trade active
We made entry into the neckline of the double bottom pattern, as mentioned in the analysis, the price could go down to the neckline.Note
My entry: 49636.40
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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.
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.