FRACTALS-HISTORY-BEARISH DIVERGENCE-INVERTED CUP AND HANDLE
Hello All,
I am waiting in the upcoming 12 hours, to see a dropping of price around 10450 - 10600 area.
My expectation on chart.
Below a small analysis what i am waiting to see from today and until the end of upcoming week.
Firstly i need to say that we have bearish divergence on 4 hours time frame.
From previous Ta. i mentioned Inverted Cup and Handle. Making counts,
on 12 hours time frame, occasion or not, it gives target exactly the Gap area.
(Target which is coming out from Handle Only) (9645)
If we have full play out of inverted cup and handle, we can see price to
fall around 7800 area.
Personally i remain bullish till bitcoin price is above 8600.
If we see 7800, does not means that bitcoin lost its bullish moment,
but for sure, we will not see ATH soon.
In my view i expect bitcoin to fall between 9250 - 9650 and to keep
its bullish momentum.
Please share your comments / ideas.
Support our ideas if you agree with us.
Thank you in advance.
I am waiting in the upcoming 12 hours, to see a dropping of price around 10450 - 10600 area.
My expectation on chart.
Below a small analysis what i am waiting to see from today and until the end of upcoming week.
Firstly i need to say that we have bearish divergence on 4 hours time frame.
From previous Ta. i mentioned Inverted Cup and Handle. Making counts,
on 12 hours time frame, occasion or not, it gives target exactly the Gap area.
(Target which is coming out from Handle Only) (9645)
If we have full play out of inverted cup and handle, we can see price to
fall around 7800 area.
Personally i remain bullish till bitcoin price is above 8600.
If we see 7800, does not means that bitcoin lost its bullish moment,
but for sure, we will not see ATH soon.
In my view i expect bitcoin to fall between 9250 - 9650 and to keep
its bullish momentum.
Please share your comments / ideas.
Support our ideas if you agree with us.
Thank you in advance.
Trade closed: target reached