Bitcoin 4H Chart Bitcoin will reverse from the following zone above.
There is an FVG in that zone, which needs to be filled by BTC.
Let's see
Btcnextmove
BTC/USDT Next Move? Pull Back coming(Head And Shoulder Pattern.)#-The Analysis is based on personal Knowledge of technical analysis , Please Do Not Take It as a Financial Advice, And Always Do Your Own Research.
#1 Bitcoin Is dropping Due top Bearish Head And Shoulder Pattern.
Time To short BTC till 53000 $
## When Last Time Bearish H&S Pattern Took Place in Daily Chart IT dropped Almost 25% ##
Good Support = Around 53000 $
Strong Support = Around 41000 $
Ultra Strong Support = Around 31000 $
ATH ( High Resistance Zone ) = Around 67277 $
## Technical analysis:
1. Bitcoin Is dropping Due top Bearish Head And Shoulder Pattern.
2. The price is above the 20 Ema and Bitcoin is Currently Testing 20 EMA.
If Testing At 20 EMA is Successful then It will move towards 63000 $
3. If Testing fails at 20 EMA then A Pullback till 53000 $ may take place.
4. Retesting At Support Near 53000 $ is coming , If it is Successful then BTC will Cover ITself.
OtherWise IT may BREAK the Support IF good volume is sold.
5. All Time High is a high resistance zone which is 67277 $
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BTC GOING TO HIT $64,000 AGAIN(i) BTC already in a strong uptrend
(ii) The shortfall has ended at 47950 support with an amazing bounce back
(iii) Now it's raising and going to his next resistance at $64200 <<<>>>>
