I don't think anything special has happened to Bitcoin yet, so please don't get FOMO.
Of course, the good news for Bitcoin is that it could not make a new Low in the last drop. But on the other hand, Bitcoin, we should expect at least a correction after the strong upward trend that it had in the previous two or three days. This modification can follow Fibonacci levels.
Bitcoin is currently in an important resistance zone as we have two resistance lines in the support zone as well as the SMA 100 (Daily TF)+ Shooting Star Pattern at the 12H timeframe.
If Bitcoin breaks this resistance zone, we can be very optimistic about the continuation of the upward trend because a Double Bottom Pattern will be formed, which can signify the end of the short-term bearish market.
Bitcoin Analyze ( BTCUSDT ), Timeframe 12H⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Of course, the good news for Bitcoin is that it could not make a new Low in the last drop. But on the other hand, Bitcoin, we should expect at least a correction after the strong upward trend that it had in the previous two or three days. This modification can follow Fibonacci levels.
Bitcoin is currently in an important resistance zone as we have two resistance lines in the support zone as well as the SMA 100 (Daily TF)+ Shooting Star Pattern at the 12H timeframe.
If Bitcoin breaks this resistance zone, we can be very optimistic about the continuation of the upward trend because a Double Bottom Pattern will be formed, which can signify the end of the short-term bearish market.
Bitcoin Analyze ( BTCUSDT ), Timeframe 12H⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Comment:
