If we look at the 4 hour time frame
There is a clear divergence. This is a confirmation of the decline
So what happens now?
If Bitcoin can maintain its minor support
It can start another suffering or bullish market
But if the minor support is broken, the price can go down to the range of 32,800
In the one-hour time frame, a decreasing triangle pattern can be seen
This pattern is likely to break the price downwards
The safe point of entry is after breaking the lower side of the triangle and the pullback
Short little idea on MIRROR protocol token..🐶
We have been trading inside of a horizontal channel for a little bit here, that seems to have stemmed from a larger, almost symmetrical triangle▶.
We are almost to the end of this structure and you know what that means!! Let's take a look. 👀🧐🔍😄⏬⏬
Mirror(MIR) or mAssets protocol was developed by...
HI TRADERS...these days are good days for crypto lovers and as you can see BTC is about 18000 dollar.
If bitcoin wants to break all time high and set a new record,need to going up and down in a healthy way.
After a rally like this and break a major resistant, a GOODBYE KISS from the old resistant which is our new support can be healthy and BTC can get energy for...
BTC in 1H timeframe created an exagrated divergance and broke the 13000 S/R
we have 2 scenario here :
scenario 1 :
if BTC breaks 13800 resistace we can have 14000 and 14400 targets .
scenario 2 :
if BTC can't brikes the resistance and fall down we can have 13000 and 12800 supports.
Bitcoin is inside of a big Pennant pattern and after touching up and down several times its going to break the top of the Pennant and start another big move again. be careful until the BTC didn't get out from this pennant pattern we cant be sure about the direction and starting of rally but i bet on upward move.(fundamental and technical)
In this chart, according to the descending channel, we see the channel reach the border of $ 1900. Due to the discharge of purchases in the RSI oscillator, we can have the next wave of a real divergence + RD, so according to the homogeneity pattern, it can fall to $ 1800-1770 and again. Go back up