Hello my friends,,
In a week or two, bitcoin needs to make a decision whether to up or down.
The chart shows several pattern that indicate the movement, from last weekend bitcoin shows a beautiful triple top pattern that shows us as a bearish reversal pattern, but it was holding strong at 6200 support line.
When I see the bigger picture, there are 2 possibles scenario between 6200-6600 price range, big bear flag and possible big double bottom.
So, which way you choose? My recommendation is trade on the breakout and see the volume. Breakout for bull is at 6600 and 6200 for bear IMO.
I hope this can help you guys, Play Safe! :)
In a week or two, bitcoin needs to make a decision whether to up or down.
The chart shows several pattern that indicate the movement, from last weekend bitcoin shows a beautiful triple top pattern that shows us as a bearish reversal pattern, but it was holding strong at 6200 support line.
When I see the bigger picture, there are 2 possibles scenario between 6200-6600 price range, big bear flag and possible big double bottom.
So, which way you choose? My recommendation is trade on the breakout and see the volume. Breakout for bull is at 6600 and 6200 for bear IMO.
I hope this can help you guys, Play Safe! :)
