Now , The price of the BTC is between 2 major support and resistance lines ; The daily stoch rsi is oversold which increases the chances of changing the trend into bulish one >
what do you think about who will win ?
The abcd pattern has just completed at 7500 ,and this is a strong indication that price may go up ;moreover the RSI indicator and stoch rsi shows oversold at daily and 4 hr frames .
the targets of the abcd pattern , i have put them with red lines .
this TA is not a recommendation ,but it's an idea that may happen or not .
Thank you so much for viewing the chart .
I am new at technical analysis take my words as a possibility that may happen or not . that's only an opportunity if it matched this scenario .
i think there is an abcd scenario here at the daily frame . :)
Don't do do anything from what i post without thinking first :) .
Buy = 633-700
Target 1 = 854
Target 2 = 1380-1400
Target 3 =1579
Target 4 =1722