Hello traders!
The bearish move is not over yet. We can see that after the breakout of the trendline BTC started to form expanding triangle. A pattern after the breakout is a good sign because sooner or later we will see a pullback.
Soon we will see a breakout of this pattern. The breakout of expanding triangle is a selling opportunity. It will form a reversal pattern after the breakout as a reaction and after completing the reaction pattern it will move below the new supportive trendline and will touch 34500.
34500 is the point where the market will achieve its bearish target and most probably we will see a bullish move after 34500.
When the market was above 43000, I was expecting the same target and now it's very close to the target.
Don't forget to hit the like button and follow to stay connected.
The bearish move is not over yet. We can see that after the breakout of the trendline BTC started to form expanding triangle. A pattern after the breakout is a good sign because sooner or later we will see a pullback.
Soon we will see a breakout of this pattern. The breakout of expanding triangle is a selling opportunity. It will form a reversal pattern after the breakout as a reaction and after completing the reaction pattern it will move below the new supportive trendline and will touch 34500.
34500 is the point where the market will achieve its bearish target and most probably we will see a bullish move after 34500.
When the market was above 43000, I was expecting the same target and now it's very close to the target.
Don't forget to hit the like button and follow to stay connected.
