Hello Traders !!!
Lets talk about Btc (The King)
Btc is moving in channel as well as in wedge.From 20th july Btc break the structure and started making Higher Highs market was fine.Near to 50k Btc competed its bearish pattern Bearish Crab ,ABCD pattern,Rising Wedge and we see Btc drop
Now Btc is downtrend making lower lows.if btc unable to break the trend line we can see 38-39k (wicks below fine).We have 0.168 near to 38k which golden fib so we can see pull back from here
we have Cme gap near to 32-34k(sooner or later gap must be filled).
over all market structure isnt good until and unless Btc didnt break the 44300 market would be bearish
i hope you guys understand
(f_oll_ow M_E for more updates)
Lets talk about Btc (The King)
Btc is moving in channel as well as in wedge.From 20th july Btc break the structure and started making Higher Highs market was fine.Near to 50k Btc competed its bearish pattern Bearish Crab ,ABCD pattern,Rising Wedge and we see Btc drop
Now Btc is downtrend making lower lows.if btc unable to break the trend line we can see 38-39k (wicks below fine).We have 0.168 near to 38k which golden fib so we can see pull back from here
we have Cme gap near to 32-34k(sooner or later gap must be filled).
over all market structure isnt good until and unless Btc didnt break the 44300 market would be bearish
i hope you guys understand
(f_oll_ow M_E for more updates)
