BitCoin Can Rise To Complete A Pattern

Traders, Bitcoin can form a W pattern which can push the price upwards. It is right at the moment struggling with 200 sma on 4H. If this breaks then we can see the price rising to the FCP zone or even higher. But weekly chart shows a good bearish engulfing candle so this rise may be short lived. So do not think of this as trend continuation pattern. It may be an upward correction to the last fall.

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1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too

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-Vik

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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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