Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update. In my previous BTC update I told you that we might see a breakdown of this descending triangle and exactly the same happened.
Now what's next?
Now, IMO BTC must take a little bit support here and bounce to the $19.5k zone for a perfect retest of this descending triangle. Meanwhile, it might form a little head and shoulder type pattern in the process of this retest. And after the successful retest of this $19.5k level my target is $17.5k
Invalidation:- Any 4hr candle close above $19.5k level will invalidate this breakdown.
What do you think guys?
Do you also think that we might see a retest of $19.5k form here or do you think it will continuously dropping from here?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Welcome to this BTC update. In my previous BTC update I told you that we might see a breakdown of this descending triangle and exactly the same happened.
Now what's next?
Now, IMO BTC must take a little bit support here and bounce to the $19.5k zone for a perfect retest of this descending triangle. Meanwhile, it might form a little head and shoulder type pattern in the process of this retest. And after the successful retest of this $19.5k level my target is $17.5k
Invalidation:- Any 4hr candle close above $19.5k level will invalidate this breakdown.
What do you think guys?
Do you also think that we might see a retest of $19.5k form here or do you think it will continuously dropping from here?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
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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.