BitCoin (BTCUSD) Bearish W Pattern (FCP ) Is Forming

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Traders, Whilst most bitcoin bull must be treating yesterdays' price action as "Return To Normal" phase, this may be a great opportunity for bears. Although the head and shoulders pattern did not work out, there is a great Fibonacci Confluence Pattern ( FCP ) W pattern is evolving. Here are important FCP Zones that I am watching.
If these zones are broken, then they will act as support. So you have opportunities on both sides.

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

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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.


It is nicely falling as DXY is moving up :)

I also agree for a bullish movement before the bearish one starts. on point!
I like this idea
Vik your analysis are remarkable though not trading BITCOIN. Thanks
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