Btc is forming a very strong bearish pattern in weekly chart i think depends on wave Analysis we have 2 weeks of bearish and red days till price reach 4500 than correction is over and next long target will be aimed
If uptrend broke the trend line(cyan color line)it will test strong resistance area and then depends on ab=cd pattern it gonna falls to 2.7k 3.5 area let’s see what’s gonna happen!!! If you find it useful like it😉
Let’s see what’s happening
Bearish rising wedge is almost complete Let’s see what’s gonna happen 😉 If you find this helpful please like it
Rsi is overbought and minus divergence has came soon correction the price
From this zone we expect price to push back down to trend line if it breaks the trend then H&S formation is completed and we are going down to test next resistance line let’s wait and watch it
As you see a shooting star pattern is forming in daily chart and this complete H&S pattern i think we are going down
Depends on ichi cloud,price action,strong resistance And bearish cloud we simply can have a H&S and price goes down to 4800
Ma200 act as a strong resist line if bitcoin break it next target is around 6.6k if can not depend on my last idea it will fall to 5.8k and downward channel could be made let’s see what’s happening next
As guys you see the price resist to ma200 in 1h chart (not this chart this 3h chart) and this can make a H&S pattern lets see in few hours what’s gonna be happen
I think it is bearish And if price reach the confirmation line we shall fall