BItcoin Crab Body Formation (Makes Sense?)
Upon working on my Bitcoin Chart I couldn't help to notice a Crab Like formation on my chart, weird but it looks to make some sense on my Bitcoin Price Analysis and upcoming downward trend. If you look at the chart you will see that I added two green dots that are irrelevant to my analysis but I just added them so that your eyes can see the crab body. You will see how the left leg touches the 6.2k support bar and the right leg is slowly creating its way down to match the left leg and creating the upcoming 6.2k test.
Upon that Crab Leg touching the 6.2k support bar we would need to maintain support there otherwise we will be breaking through its support and continuing to test new lows (3k, 1k and so on)
It will be safe to say that a buy order be set at 7.3k and another one at 6.5k to be on the safe side. We should see the end of this correction and rebound to retest 11.7k then through our big resistance battle of
12K , 13k and off to the moon we go.
Upon that Crab Leg touching the 6.2k support bar we would need to maintain support there otherwise we will be breaking through its support and continuing to test new lows (3k, 1k and so on)
It will be safe to say that a buy order be set at 7.3k and another one at 6.5k to be on the safe side. We should see the end of this correction and rebound to retest 11.7k then through our big resistance battle of
12K , 13k and off to the moon we go.
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