The price reached a daily demand that is inside a weekly
demand, and PRZ zone for the mentioned harmonic pattern.
We should wait for price action sign, or a reversal pattern on the 1 Hr timeframe, then we could make a trade
we have a false breakout at the top of the channel, and the price comeback massively, and break down the bottom of the channel.
As classical school the target will be 23 K for the bitcoin.
if we have 2 Scenario's, one is positive and the other is negative, you try your luck and stick to the rules with a good money management. don't loss more than 1% of your...
bitcoin break down the 33K level and on his way to 31.12 Level, we have a daily demand inside a weekly zone on that level, we may see rebounding to 38-39K level and at that time we will retest the top of the descending channel, on that point I'll take the profit, and watch the reaction, if we have a breakout from the descending channel, we will update, and maybe...
We are retesting the bottom of the channel now and it is possible to continue the downside movement.
If we cross the 38530 level and close a 4-hour candle below it, it is possible to drop to 31354 - 29040.