Right here is a my idea on Bitcoin. As seen on the chart, price is in an uptrend and I expect price to continue in that direction.
But if price breaks the lower trendline downward, then I expect price to follow the double top (M pattern) and approach the neckline at $45,000. If it breaks the neckline downward, then I expect a full M pattern to head to $38,000.
The yellow lines are the previous key support and resistance level price may encounter ahead of it.
What do you think?
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Thanks for posting your chart and analysis. Yeah, this one is tough to call at the moment, and I agree the trend is up. I feel like it can rip my face off in either direction, but given the trend, I'm hodling and buying more at meaningfully lower prices if they occur.
PetrockFxTrading
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@theworldinscents Thank for your opinion. I really appreciate. Help a mate out, I want to buy too but no funds☹️