BTC forming a M pattern in 4 hourly timeframe
Updated
BTC is rejected from its 59.5k resistance and rejected from it forming a bearish M pattern which will bring BTC price back to around 57k if it fail to hold .618 fib level(58k).
The more the retest of support the higher chances it will break its support.
The more the retest of support the higher chances it will break its support.
Note
To invalidate the potential M pattern, BTC simply need to form a higher high at 59.51k.Trade closed: target reached
Note
Congratulations to those trader who short Bitcoin on my signal, you are in a profitable trade!
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