As it was indicated in my previous BTC analysis, the price went up and then formed a shooting star candlestick, which is a reversal bar. There is a structure level at 10127, which acts as resistance level. However, it seems the price already started to go down, as the sellers momentum already there. Moreover, the BTC formed a Gartley pattern that reached a reversal 127% Fibonacci extension. From this analysis, it is expected that the BTC price will go down and Gartley pattern provides the levels for entry and exit.
T1 - 38.2%
T2 - 61.8%
- Follow & Comment -
T1 - 38.2%
T2 - 61.8%
- Follow & Comment -
Note
T1 was hit - strong bearish barNote
T2 was hit too
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Related publications
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.