#BITCOIN ⟶ ON THE BRINK OF EXPLOSION OR CRASH??!
💎#BITCOIN / ⏱1-hour timeframe
👀BITCOIN , after forming a double bottom pattern and confirming the bottom formation by breaking the neckline:
🔻experienced a slow decline within a bearish channel and reached the previous lows.
🔥Now it has reached the high of this channel and it's a very important area for decision making‼️
✅Bullish Scenario: If it breaks 59371 on the 15-minute timeframe and closes above 59462.38, a bullish signal will be issued.
🎯Bullish Targets:
🚀Target 1: 60143.30
🚀🚀Target 2: 61166.30
🚀🚀🚀Target 3: 62335.80-62731.30
✅Bearish Scenario: If the lower side of the triangle and the daily support of 58922.00 is broken on the 15-minute timeframe, a bearish signal will be issued.
🎯Bearish Targets:
🔻Target 1: 57902.00-58041.37
🔻🔻Target 2: 56679.60
🔻🔻🔻Target 3: 55123.10-55382.60
👀BITCOIN , after forming a double bottom pattern and confirming the bottom formation by breaking the neckline:
🔻experienced a slow decline within a bearish channel and reached the previous lows.
🔥Now it has reached the high of this channel and it's a very important area for decision making‼️
✅Bullish Scenario: If it breaks 59371 on the 15-minute timeframe and closes above 59462.38, a bullish signal will be issued.
🎯Bullish Targets:
🚀Target 1: 60143.30
🚀🚀Target 2: 61166.30
🚀🚀🚀Target 3: 62335.80-62731.30
✅Bearish Scenario: If the lower side of the triangle and the daily support of 58922.00 is broken on the 15-minute timeframe, a bearish signal will be issued.
🎯Bearish Targets:
🔻Target 1: 57902.00-58041.37
🔻🔻Target 2: 56679.60
🔻🔻🔻Target 3: 55123.10-55382.60
Note
Hi🤚
✅Yesterday, the support 58,922 was finally broken, confirming the bearish condition.
🎯The first target has now been reached.
👍I know many of you were expecting a rise and messaged me saying it would go up.
🤷♂️But the reality is that sometimes you have to have an unbiased view of the market and only look at the conditions for a rise or fall.
🙏I hope you were able to take profits at the first target🎉
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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.
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.