will continue drop for btc, try to reach area 30k (2 bearish pattern)
entry after retest, take long to 40k. retracement before continue drop
BTC will retest area 40k and become new resistance (before strong support and hold bull in few months). bearish trend line 33 degrees and after retest 40k (new resistance and fib 61,8) and can't break out with high volume, just wait and see or take short sell to area 32k-30k (fibo 1.272 or 1.618 from area 40k)
My ideas in "cable" make rising wedge pattern and continue to fall more deep
Broadening wedge pattern in TF 1H, can this pattern make bitcoin recovery again or just to fool us and trap in bull trap.
trend still bear controlled, but divergence has coming in previous support and make pin bar with long wick for rejection area. let's see will make another deep or start to recovery until 45k-48k if fail, we will see bitcoin in 39k and more deep.
60% will be riding wedge, trend still bearish 40% wil be ascending triangle, reverse from support
pattern breakout, entry after retest to short sell. good luck
Update from my previous idea, not falling wedge buat megaphone. I thought will make megaphone
falling wedge with divergence, price stop in demand area
rising wedge pattern, with bearsih divergence. good luck
my road map for btc move until end year, for now price will pullback to previous resistance and stop in fibonacci clusters 50, 78.6, and 1.272. I'll take long position and take profit in last head (qm pattern)
Last higher high and complete last touch resistance for ABW
bullish divergence in H4, make a perfect falling wedge pattern.
intersting pattern, but with FOMC statement, fed rates decision. maybe no trade until tommorow
USDCAD make ABW pattern, overbought RSI, resistance area. USDCAD must fill blank zone and go down
BTC try to make rising wedge pattern, last peak stop in fibo 1.272 and make little double top pattern. If breakout trend line will retest previous support and prepare for continue downtrend