Despite dipping below its 8-months trend line of $7800 and touching a daily low of $7318, Bitcoin managed to recover above its major support area of $8000 due to the recent short covering in today's session. We can see a small falling wedge pattern on the charts today which indicate a short term exhaustive buying in BTC if it sustain above $8200. Bitcoin is taking...
BAT Pattern or Crab Pattern ? What do you suggest ?
Could this be possible ? Looks like it has been fulfilling all the criteria's so far. Note - This is Not an investment advice
Just watching the play.. Disclaimer... Not a trading advice....
bitcoin crossed the rising wedge some days behind but the binance bad news again the chart created the bearish trend but now btc stable and holded stron at level 9k and rised more then 400$ from the support level with strong buy waiting to cross the again bearish wedge to rising wedge.
btc stoped rising because of symetrical tringle loss almost 11% in price action nexT STEP NEAR TO 9200 SUPPORT
FINALLY BTC CROSS THE BEARISH TREND AND STARTED THE NEW UPTREND BUT FOR SMALL TIME BTC IN STILL BAERISH MARKET DONT TRADE IN THIS BAD MARKET WAIT FOR SMALL CORECTION AND BTC WILL GO TO 13000 TO 15000K IN THIS MONTH
if btc cross the line at this time then it can go down ward also
Bitcoin Price Analysis For Long Term Inverse Head & Shoulders Pattern are forming, if it continue then it is a bullish signal, Then price wlii touch near the ATH, Reach the 17K $ .
According to Elliot wave theory BTC should go to around 8100-8500, because 1st wave is completed around 11700, now the correction waves comes into the picture, so According to ABC correction waves and fibonacci retracement, it should go around 8200. These are only my thoughts not a financial advice, and btw always play it your own way.