we have 2 open GAP on 
BTC1! CME chart. I think bitcoin formed QM pattern in Daily TF. QM is a powerful pattern.
Bitcoin was broken weekly trend line (in logarithmic chart mode) and i expect bitcoin goes up to near 60K for 3 purpose :
1-close open gap, 2- QM pattern complete, 3-pullback to broken weekly trend line.
if correctly complete QM pattern bitcoin price goes to Daily zone.
[failed scenario : if bitcoin broken previous all time high and build a new ATH]
BTC1! CME chart. I think bitcoin formed QM pattern in Daily TF. QM is a powerful pattern.Bitcoin was broken weekly trend line (in logarithmic chart mode) and i expect bitcoin goes up to near 60K for 3 purpose :
1-close open gap, 2- QM pattern complete, 3-pullback to broken weekly trend line.
if correctly complete QM pattern bitcoin price goes to Daily zone.
[failed scenario : if bitcoin broken previous all time high and build a new ATH]
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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.