Bitcoin / TetherUS
Long
Updated

Morning Star Pattern [BTC/USDT] [VSA]

595
On the chart we can see the morning star pattern , this is a reversal pattern. ( in the blue rectangle )
also , the big lower shadows of candles mean the accumulation of positions.
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Note
the closure of the four hour candle below the trend line will means a bearish sign
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another look
at the moment , it's an uncertainty
on the picture i have indicated the possible support zones
wait for the next candle
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i can be wrong , but in my opinion this is a hidden bullish divergence
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and finally , look at this snapshot
to be honestly, this is a very uncertain situation , there are bullish and bearish signs , keep focused on my first and last pictures .
Note
the confirmed support level
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looks good
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the last support level
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don't trade , wait for a rebound
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focus on the 0.5 level of fibonacci
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wait for the closure of the four hour candle above the level of 8522 or 8597 ( more safe )
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wait for a breakthrough
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the breakthrough
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the support level
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