Here on the 4h and smaller time frames we build a falling wedge that is about to break.
If we break out to the upside, once again we will have to break through the golden pocket on the Fibonacci (0.65 - 0.618) and confirm above it in order for me to go long.
If we break to the downside, I'm looking at the 46-45k level to hold. If not we got 42k and 40k as a solid support.
Also check out this Head & Shoulders Pattern below, I've posted it for the first time more than two weeks ago where I said that it is my favorite option for the mid-long term for bitcoin. It still is my favorite, so check it out.
Please like, share, comment and follow if you like my ideas and want me to keep posting them.
Happy Trading✌️❤
If we break out to the upside, once again we will have to break through the golden pocket on the Fibonacci (0.65 - 0.618) and confirm above it in order for me to go long.
If we break to the downside, I'm looking at the 46-45k level to hold. If not we got 42k and 40k as a solid support.
Also check out this Head & Shoulders Pattern below, I've posted it for the first time more than two weeks ago where I said that it is my favorite option for the mid-long term for bitcoin. It still is my favorite, so check it out.
Please like, share, comment and follow if you like my ideas and want me to keep posting them.
Happy Trading✌️❤
