Hello traders!
Welcome back to another episode with Analyst Aadil1000x.
This is the analysis of the next few moves in BTC.
Currently, BTC is Playing with the trendline which is starting from the peak. It won't let it play longer soon it will through it away so that market won't touch it for the next few months.
If we look closely BTC formed a reversal 'M' pattern at the key level which forced it for some retracement now BTC needs some kind of bullish pattern to move up but for a rise of more than 10% it needs the combination of the bullish pattern. As I always tell you every pattern has some kind of strength and the strength of the pattern after some movement. So a single pattern won't be able to push BTC for 10%+ move it needs the combination of the pattern for a big rise.
First we will see 'W' pattern below key line and later we will see another bullish pattern which will take the BTC toward the True reversal point.
Don't forget to hit the like button and follow to stay connected.
Welcome back to another episode with Analyst Aadil1000x.
This is the analysis of the next few moves in BTC.
Currently, BTC is Playing with the trendline which is starting from the peak. It won't let it play longer soon it will through it away so that market won't touch it for the next few months.
If we look closely BTC formed a reversal 'M' pattern at the key level which forced it for some retracement now BTC needs some kind of bullish pattern to move up but for a rise of more than 10% it needs the combination of the bullish pattern. As I always tell you every pattern has some kind of strength and the strength of the pattern after some movement. So a single pattern won't be able to push BTC for 10%+ move it needs the combination of the pattern for a big rise.
First we will see 'W' pattern below key line and later we will see another bullish pattern which will take the BTC toward the True reversal point.
Don't forget to hit the like button and follow to stay connected.
Trade closed manually