Bitcoin last week completed a bearish shark and fell.
It then formed a 5-0 pattern.
This week, i am predicting a retest of 10k level to complete a bearish bat.
This 10k level is really tough to overcome, i think it will need multiple tries before it finally breaks cleanly above this level.
When the bat completes, i might look to short it again, but currently at this price level, I am long bias.
Hope you guys enjoy my analysis, if you understand mandarin, i do weekly market analysis on my website, you can check them out.
Good luck n good trading for next week!
It then formed a 5-0 pattern.
This week, i am predicting a retest of 10k level to complete a bearish bat.
This 10k level is really tough to overcome, i think it will need multiple tries before it finally breaks cleanly above this level.
When the bat completes, i might look to short it again, but currently at this price level, I am long bias.
Hope you guys enjoy my analysis, if you understand mandarin, i do weekly market analysis on my website, you can check them out.
Good luck n good trading for next week!
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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.
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.