Hello everyone
The price of bitcoin moving within a bullish channel, rising to form double bottom patterns.
Today's candle has closed below 50592, forming a hammer pattern at TF of 4h.
The price could drop to the neckline and then reject it to get the next momentum. To confirm the movement wait for a candle close above the 50592 level.
Possible targets at 52423 fibonacci level -0.272.
You can leave your opinion below, thanks
Trader Dark Eyes
Information about the chart:
White line: TF 1D
Yellow Line: TF 12H
Gray Line: TF 4H
The price of bitcoin moving within a bullish channel, rising to form double bottom patterns.
Today's candle has closed below 50592, forming a hammer pattern at TF of 4h.
The price could drop to the neckline and then reject it to get the next momentum. To confirm the movement wait for a candle close above the 50592 level.
Possible targets at 52423 fibonacci level -0.272.
You can leave your opinion below, thanks
Trader Dark Eyes
Information about the chart:
White line: TF 1D
Yellow Line: TF 12H
Gray Line: TF 4H
Trade active:
We made entry into the neckline of the double bottom pattern, as mentioned in the analysis, the price could go down to the neckline.
Comment:
My entry: 49636.40