1. Bullish Butterfly pattern will be form if the price falls to point D. That the entry point (red dashed line)
2. Next Fibo 1.618% is cutloss price.
3. My expectation the price will reach point D and reverse back to 0.618% (green dashed line).
4. For comfirmation the price must fall and closed below B level.
From current chart pattern analysis, it may proceed with bullish falling wedge reversal pattern.
But if it follows wyckoff phase, it is possible that it enter phase C, entering a long accumulation phase
It also may form a chart pattern similar back to year 2017, 2013, and 2011
We will see how it goes
Wait until the latest resistance has been engulfed which means a breakout has appeared. The current price hits at the level of 161 fibonacci and expected to have a rejection. This trend is only a pullback as shown in a bigger timeframe. Traders/investors are advise to keep on eye at the nearest resistance level as it is a crucial level for BTC, either to form a...
Bitcoin just needs to go another 10% higher to break the 2019 high versus benchmark Malaysian Indices. And Bitcoin will remain a good store of value versus currency devaluation and economic reccesion.
Bitcoin remains in parabolic move versus most assets. Bitcoin is not going anywhere anytime soon.
Feeling sorry for most malaysians who are losing jobs and will...
To Malaysian Bitcoin hardcore time to top up more, since price had nice retracement and tested support @ 42K area .Hoping for further retracement near 40K would be nice though hihihi..longer term I'm bullish on BTC