After looking in a 1 Day graph of BTC i saw a fractal pattern
I just check the volume as well and draw a simple support and resistance
i can see some similar pattern like what happened last year
Now, if BTC continue to drop below 34k$ this might not be valid or if goes a little down to 34k$ and reverse, i can consider this chart will be valid since a possible spring might happened.
Once there will be a reversal and the volume dictates that we have a high volume of buyers , we can see a possible pump in BTC. Now we have lots of order block below the 34k$ , we need to check some signals for this.
As of now, in this chart i just focus in the fractal pattern i saw. No fancy analysis. later on, ill update you about this.
Please use this as a guide, yet do your own Technical analysis and decision in your trade.
I just check the volume as well and draw a simple support and resistance
i can see some similar pattern like what happened last year
Now, if BTC continue to drop below 34k$ this might not be valid or if goes a little down to 34k$ and reverse, i can consider this chart will be valid since a possible spring might happened.
Once there will be a reversal and the volume dictates that we have a high volume of buyers , we can see a possible pump in BTC. Now we have lots of order block below the 34k$ , we need to check some signals for this.
As of now, in this chart i just focus in the fractal pattern i saw. No fancy analysis. later on, ill update you about this.
Please use this as a guide, yet do your own Technical analysis and decision in your trade.
Note
Aadil1000x I agree with ur chart and this is the possible thing might happened. Thanks for your analysis as well
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.
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.