MachiavelliTrader

BTC Will BREAK To Form This Pattern In July(DUMP OR PUMP?)

BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello Friends, Here is an update on BTC Using Multi Time frame 1hr and Daily Chart . BTC Will breakdown most likely but until Mid July time as a result of the Piled Resisitance and support leading buy pressure when bitcoin hit the supports. Thank you for you likes and support.

Here on the 1hr Chart, BTC is Forming an inverse head and shoulder which has successfully pushed btc to 9750 zone very close to the break down zone 9800- 9950(if btc breaks 9800 the 9950 is likely but for btc to get to this point is unpredictable as 9800 - 9850 is a very crucial strong resisitance. If BTC fails this could lead to DUMP further down to the Fibonacci 0.382 Level or the 38.20 level(7900-7800) this can take BTC a while to recover

On The Daily Chart , Bitcoin is clearly still trying to complete the Symmetry Triangle which breakout will lead to 25k at least. in Our previous Update Video I talked about how the symmetrical triangle takes longer time to complete(Months to Years) this is a good example of a symmetrical triangle. Inside the triangle forming you have a strong potential of shooting too above 15k if BTC Successfully retrace to &500 at least.


(BAD NEWS)
Here is a worst case scenario for Bitcoin , if that break down to 7k happens and btc fails to form the head and shoulder on the 7k -6666 zone, then a sorry story will lead to further down to the bottom of the symmetrical triangle (5k Zone, just a taught base on what I see on Daily this could happen this year)


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Thanks in advance for your Likes

Comments

nice analyse. agree
+1 Reply
@KIAN-M94 πŸ™πŸ½ thank you
Reply
Nice review bro! upvoted. Check mine weekly view


common ideas with yours!
+1 Reply
MachiavelliTrader AboveDuality
@AboveDuality Great work you have got thereπŸ‘πŸ½
Reply
AboveDuality MachiavelliTrader
@MachiavelliTrader, appreciate, thank you!
Reply
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