I studied the chart and realise that the selling pressure would be done and the trend would be at the end. One of the main reason that I think the price would reverse upward is makes a head and shoulder pattern, so I would expect that the probability of going up the price is more than plunging to the low level. At the end, stick to the strategy and accept the...
The price has got a potential to hit the bottom of the channel!
The probability of going down the price is more than coming up as you can see on the chart.
As you see, after that the chart made the pattern of head and shoulder, the price has been plunging to a pivot point, which is 1.22892 then bullish trend move up to a psychological zone (1.30000), I can see a double top pattern in 4 timeframes and see a false breakout as well, take into account that senior and the way market behaves to the price at that zone...
what's guess traders?! It would be a continues pattern or reversal in daily timeframe!
The Chart explains every think. The probable Left Shoulder(Which seems to be of Complex type) And also the probable head is Shown in the Chart. There is Lots of doubts about shaping of right Shoulders and it depends on market situation and it may take some time. But after penetrations of Neckline which is red in the in my chart we can say a good opportunity is...
We are on our way to complete popular triangular pattern. But where are we heading ? Thats the real 6500USD or 12000 USD question. In my opinion this time we are making a small mistake . The popular opinion is that upon completing the pattern we will be heading upwards and possibly it will be a start of new ATH Btc price. But i think we are making a mistake and...