BITCOIN - Here's What You NEED To Know! 🔥🔥
After the recent sell off, our 40K reversal zone got invalidated. We are now looking for the 30K level which we mentioned previously could be the reversal zone. See below:
The bigger picture is showing us an expanded flat correction where the top is ascending and the bottom is flat. On lower timeframe, we had an ABC correction which led perfectly to the descending trendline where we got the perfect rejection. See below:
We could now just trickle our way back down to 30K where we may see a descending correction, similarly to how we saw in June 2021 before the massive bullrun.
It is important to keep an eye out for any sort of reversal patterns which could give us an early indication that Bitcoin is ready to reverse and we can prepare ourselves.
See below for our educational posts, which can really help us get an edge!
Top Reversal Patterns:
Top Candlestick Patterns:
Rising and Falling Wedges:
The bigger picture is showing us an expanded flat correction where the top is ascending and the bottom is flat. On lower timeframe, we had an ABC correction which led perfectly to the descending trendline where we got the perfect rejection. See below:
We could now just trickle our way back down to 30K where we may see a descending correction, similarly to how we saw in June 2021 before the massive bullrun.
It is important to keep an eye out for any sort of reversal patterns which could give us an early indication that Bitcoin is ready to reverse and we can prepare ourselves.
See below for our educational posts, which can really help us get an edge!
Top Reversal Patterns:
Top Candlestick Patterns:
Rising and Falling Wedges:
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