As you can see in the picture, there a few points that we want to highlight on the bitcoin current movement, consequence on my previous target hit.
Bitcoin currently has gone upward after major correction of abc pattern.
Now, let we see where it will goes base on the chart analysis.
1) Fibonacci retracement is still great, with 0.382 retracement - Bullish
2) Parabolic mirror movement (reverse cup pattern) - Bearish
3) After almost currently it hit previous horizontal target, it goes on sideway. If it break above 9400 it will presume next inclination horizontal resistance. This rally will be notify by small resistance break up in the small scale (timeframe) analysis.
4) If it hit and does not break above 9300, we can say BYE BYE to bitcoin. It will presume it movement downward.
Cheers.
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Bitcoin currently has gone upward after major correction of abc pattern.
Now, let we see where it will goes base on the chart analysis.
1) Fibonacci retracement is still great, with 0.382 retracement - Bullish
2) Parabolic mirror movement (reverse cup pattern) - Bearish
3) After almost currently it hit previous horizontal target, it goes on sideway. If it break above 9400 it will presume next inclination horizontal resistance. This rally will be notify by small resistance break up in the small scale (timeframe) analysis.
4) If it hit and does not break above 9300, we can say BYE BYE to bitcoin. It will presume it movement downward.
Cheers.
#Follow #Like #Share
Comment:
There is high chance movement to upward?
Comment:
Any Comment?