Can Descending🥟Scallop🥟Deliver Bitcoin to Support zone❗️❓
Updated
Bitcoin has been moving in a descending channel for several days.
It seems that Bitcoin has formed a descending scallop pattern to break the support line.
I expect Bitcoin to fall to the 🟢support zone($21600-$20940)🟢 and the lower line of the descending channel after breaking the neckline.
❗️Note❗️: We must wait to break the neckline to verify the descending scallop pattern.
🔔Descending Scallop🔔: Descending Scallop is a continuation pattern that forms in the middle of the downward trends, where the price continues its downward trend after that.
Bitcoin Analyze ( BTCUSDT ), 1-hour Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe
It seems that Bitcoin has formed a descending scallop pattern to break the support line.
I expect Bitcoin to fall to the 🟢support zone($21600-$20940)🟢 and the lower line of the descending channel after breaking the neckline.
❗️Note❗️: We must wait to break the neckline to verify the descending scallop pattern.
🔔Descending Scallop🔔: Descending Scallop is a continuation pattern that forms in the middle of the downward trends, where the price continues its downward trend after that.
Bitcoin Analyze ( BTCUSDT ), 1-hour Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe
Note
Neckline broke.Note
New update
Note
Descending🥟Scallop🥟= ✅
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