BTCUSD (6h): Simple W-Formation ahead!

Maybe it's easier than we all think. And we could have a simple W formation ahead. Many expect Bitcoin to fall further. I might be. But there are still many indicators, speaking for bullish. Many people wish to be able to buy cheaper Bitcoin. I see a bottom here, max. a little bit lower. So we have now a good buying zone. After the W formation we can see a sharp drop or bitcoin goes up to 15K.

Let's see what happens. Happy trading. :-)

Comment:

first step is done. if we stay at this level, next up will be possible.

Comment:

pattern failed. next support at support line (around 8500).

Trade closed: target reached