📣#BTC in a possible bearish correction if it stays below 65K
📣#BTC in a possible bearish correction if it stays below 65K
Yesterday BTC invalidated a very strong bullish pattern opening the door for more downside.
After the price broke down 65K we can see that BTC confirmed another triangle patter but this time a bearish one.
IF this is the right pattern and the price will manage to develop below 65K we can see BTC moving down as a beginning for a bearish correction.
Be careful as BTC may invalidate again this pattern as long as this could be the beginning of a new bearish trend. It may be required more time before it moves down as well.
You may find more details on the chart.
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Yesterday BTC invalidated a very strong bullish pattern opening the door for more downside.
After the price broke down 65K we can see that BTC confirmed another triangle patter but this time a bearish one.
IF this is the right pattern and the price will manage to develop below 65K we can see BTC moving down as a beginning for a bearish correction.
Be careful as BTC may invalidate again this pattern as long as this could be the beginning of a new bearish trend. It may be required more time before it moves down as well.
You may find more details on the chart.
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade closed: target reached:
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