Bitcoin repeating pattern made in the last correction.
When we arrived at 3000 USD the price made a correction until the high trend (blue line). Following a move of 3 funds, where the third fund was the touch in the bullish trend. After the touch, he climbed back to break the top.
I see a repetition of the correction pattern happening again, with that we made a first background in the region of 3900. With that the second background should happen in the region of 3500 and touch the blue line in the region of 3200.
As the bitcoin is difficult to fall, it may take longer to finish playing the blue line in the 3500s as well. Forming a double bottom.
After touching the blue line you must return to the high movement to break the top.
I see a repetition of the correction pattern happening again, with that we made a first background in the region of 3900. With that the second background should happen in the region of 3500 and touch the blue line in the region of 3200.
As the bitcoin is difficult to fall, it may take longer to finish playing the blue line in the 3500s as well. Forming a double bottom.
After touching the blue line you must return to the high movement to break the top.
Trade closed: target reached:
Short finalized with objective reached. We reach the target in the range of 3400 ~ 3500 (white graphic square). Now we must begin a price recovery up to the 4200 USD range. For the next few weeks to test the bottom and probably touch the blue trend line (next white square)