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CryptoPatel
May 7, 2022 7:00 AM

Bitcoin Higher High & Higher Low Pattern Analysis chart 

BINANCE:BTCUSDT1W
Bitcoin / TetherUSBinance

Description

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#Bitcoin HH & HL chart pattern Analysis:-

Bitcoin currently trading at $35800

This is also trading below support level so Not bullish right now.

I am strongly bullish only above $42000

So now Waiting BTC break Higher Low or Not.

If Break HL then ready to buy bitcoin at cheap around $20000-$22000

But If hold this $32900 level then ready to Next new Higher High around $75000

In Simple for you:-
Below $42000 = Bearish
But Higher Low Point = $32900
So this is also Very Important to last Bull hope.

RSI = RSI also Bearish and We can se it will test 30 level also.

And this will be Bitcoin Bottom Level.

Most Important = Watch RSI Breakout Point Closely.

Hope you understand in very easy Language guys.

Please Like and Share and Comments.

Thank you.
Trend AnalysisHarmonic PatternsChart PatternsBTCBTCUSDTcryptoaltcoinsBitcoin (Cryptocurrency)breakoutsignalxbtcryptotrading
Comments
Oacen
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If nasdaq correct more next week you will see your lower low
ridenz77
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@Oacen, i agree with this
UnknownUnicorn8215487
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Lower low with higher highs long term is my honest opinion pattern will be a giant bullish megaphone pattern
VRajuTrade
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bro you give 360 deg analysis always. it has to hit anyone of them. & by the time it can reach 20k,many cycles would have completed or if it reach 20k so fast most of them would loose interest in crypto.
averkie_skila
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20000.
ridenz77
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Thanks for this bro. Similar to ur last update. I saw a same scenario in different approach. lets help each other for the community specially newbie

DoctorSagor
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great Analysis
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