BTC structure is wonderful and look a lot bullish, did a retracement building a double bottom, but is possible we will see a triple bottom, if the support will break down, but seem for now BTC bounced on 61,8 Fibonacci and from here going up. if so I expect a retracement until the blue diagonal support and the going up forward new ATH
What i think BTC could do, in daily time frame i see a huge megaphone pattern, and right now we are almost near to break an important mobile resistant (violet one), but i think the price will be rejected and will fall at least to 8700, a support from weekly time frame (yellow line), if this support fails then i expect that the price will fall further in the area...
BTC seem want to go down again, if the purple structure will be broken, it's possible we will re test again support level like 8500 and even more to 8000 and 7600, on daily is building an H&S pattern a bearish setup, creating a huge ABC correction
bitcoin broke the market structure of the downtrend after done the ABC correction, now we are in a possible long position, I draw a possible market structure, but can be not correct having low data, now we are in the 3 wave
BTC seem ready to go up again, but i think we still not ready to see new high even if there are a golden cross in daily, i think we will dump again once reached the lv 10000-10250, this is what i think BTC will do in these coming hours/days before going up, we will do a distribution and then an accumulation, after we will jump high again for new level!
with a great surprise i discovered that BTC didn't have done with the impulse wave, before i was thinking that BTC have done with it, and will start to do the ABC correction, but i see that the structure didn't broke at all, and the correction that i was thinking to be the wave A is the correction of the impulse wave of the wave 3, so wave A is wave 4 of the...
Hey guys so you didnt expect this downtrend uh, you expected moooon 🤣, well too bad hope you had your stop loss!!!
well here what i think BTC could do! Hey put a like and share it ok!!! 😈😈😈
Here we go
PS: Btw i can be totally wrong so do your own research