I don't know why I suddenly made this scenario. As I said before, that I have never traded Bitcoin at all. Well, that's about my thinking about Bitcoin. Do not worry about it! All is only a picture of mind, which certainly will not work like that. I just didn't know what to do. The stock market is currently falling. Usually I spend a lot of time monitoring...
Sorry for the scale of the map that's too large, so that only a few patterns and candles are visible. The analysis is quite simple, that's my view for the next movement.
Honestly, actually I have never traded BTC, even this is the first time I have seen a BTCUSD chart. Of course I do not know how the movement. But, I don't think that for technical analysis there is so much difference in assets. However this is just an idea. ;)
Previously, I already made an idea about this pair. But it seems a bit off the mark. The possibility of a decline could be a little deeper, seeing a long bearish candle. Overall, it seems to form a Falling Wedge pattern, or it can be a flag pattern. Indicates the continuation of the previous trend.
The current price movement is in the strong support zone. My estimation, price is going down to close the gap that was formed last Monday. A long candle bear that covers the body of the previous candle indicates a reaction of rejection from sellers that is strong enough, seen a bearish butterfly pattern, at least the price decline can reach the point of fibo...
English : The trend of the pair currency is in downtrend. In the 4-hour timeframe, there is a Bullish ABCD pattern, which has the potential to form a new pattern namely Bullish Three Drives. The points of sale and buy can be seen in white circles with a note of price action that appears to support to do so. If the price breaks the resistance or support on...