BTC in for the retrace and rally by completing the "butterfly"
The current situation on the 4 hour shows a butterfly pattern. This suggests that we will recieve a lower low (compared to 0) followed by a higher high. The higher high is the new bull really in 2021.
This exact situation occured at the 30 minutes. Wich resulted in the latest "rally" to the current lower high at the 4 hour chart.
The targets are subjective, just as the timeline.
This exact situation occured at the 30 minutes. Wich resulted in the latest "rally" to the current lower high at the 4 hour chart.
The targets are subjective, just as the timeline.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.