Bitcoin again rejected at 39k zone area and still in Triangle with critical zone !!
NFA, DYOR.
There's a greater odd that bull market is not over. Dont get shaken out.
according to negative trend line, bitcoin looks negative and weak. if you want to take new holding take stoplose till red boxes. #btc #bitcoin #chart
Bitcoin holding great @ support AREA & created again inverse H&S PATTERN, but rejectiing aswell @ 40k resistance..!!
On 2 Hr time frame, Bitcoin forming a clear inverted Head and Shoulders pattern. Wait for neckline break and possible retest of the neckline. The target can be height of head projected after the neckline. Please enter only after break of neckline and possible confirmation.
As you can see the trendline has shifter. Try landscape mode. The previous pumb was a trap by whales. This is the perfect time to exit and buy more at dip
After dump, BITCOIN creating short-term inverse H&S PATTERN, If we BREAKOUT next resistance level then we can expect some bullish trend...just hope btc move stable and hold major supports....!!
We took a look at comparing the 2021 bull run with the 2017 bull run looking for similarities. While many are thinking we're looking at a huge rise after the current drop, it's possible we'll see a rise but a smaller version ending with a blow off top and the end of the bull season.
GO LONG ON BTCUSDT - CAN RETEST THE SUPPORT OF 30000 AFTER THAT CAN GO FOR UPSIDE TARGET OF 43500 & 51000 first target 43500, bottom condition if 30000 not broken
GO LONG ON BTCUSDT - CAN RETEST THE SUPPORT OF 30000 & CAN BOUNCE UPSIDE FROM 30000 LOWS TOWARDS UPPER SIDE & AFTER THAT CAN GO FOR UPSIDE TARGET OF 43500 & 51000, LOWER SUPPORTS CAN BE TAKEN AS STOPLOSS & MANAGE ENTRY NEAR THE SUPPORTS ONLY FOR LONG SIDE first target 43500, bottom condition if FIRST SUPPORT 30000 & SECOND SUPPORT 20800 not broken
BITCOIN long-term monthly support & resistance TARGETS.
After hitting our lower possible Target, BITCOIN whales manipulation still continues...!! Don't panic we will recover soon..😄😄
its clearly based on elliot wave principle and wedge pattern breakout