There is no doubt about it we have huge forming presently that got lots of people talking. Where as there is still another setup forming inside this in the form of .
Well this analysis stands to make things clear, even if the happen to win this battle that does not make the pattern invalid but even making it to look stronger.
If price goes in the direction of the which has already broke down will lead the price down to our target in the range of 3400$-3500$ which equivalent to 78.6% fib level of the previous impulsive upside move.
Moreover, if price decided to shut down the and breakthrough the important at 3990$ then this will signal the long waited move with immediate target at 4800$-5000$.
Thanks for reading through my post and join our telegram to follow up on many of our trades calls.
Do share your thougths about it and support my post with your LIKES.
As we can see Bullish sentiment has spread all over the market which gave me some possible feeling for little dump before major move commence.
From my chart I spotted 3 different BULLISH setups
Inverse Head and Shoulder.
With all these above setup at least we should see big rise in BTC.
Bullish Crab formation is completed with almost all its target been achieved, this give good chance for upside moves.
Do not FOMO unless BTC break the yellow resistance(3888$) , if this happen we can enter trade with a pullback.
If market tends to drop we can start to ladder down our Long trades from 3685$ down to 3385$ with stop loss targeting at 3100$.
Overall target is huge at least 4800$-5400$