Although BTC is looking pretty bad, the 4H frame tell us another story, where our hope of bounce is getting stronger. senkou span B is currently providing support i am expecting a bounce from
such a strong support. weak piercing pattern is forming andthe next candles will provide the confirmation, if confirmed, target will be senkou span A (7.8k).
If btc close below this support will be a free fall down to 6.8k. Also looking at various indicators i can spot a bullish divergence, creating conflict in price and momentum reinforcing the idea of a bounce back up to test 7.7k.Another pattern seems to be in play which again add a point to the bounce, a falling wedge pattern, which is usually a reversal pattern giving us a 64% chance of a move up. I am pretty confident a bounce will occur with such a strong sign spotted in the 4h frame, however the price may readjust consolidating above this support, if this would be the case, than a leg lower 6.8k is expected. Today is the judgment day for BTC. bulls last hope is in play, let's see. Always looking a candles to spot the right entry.
such a strong support. weak piercing pattern is forming andthe next candles will provide the confirmation, if confirmed, target will be senkou span A (7.8k).
If btc close below this support will be a free fall down to 6.8k. Also looking at various indicators i can spot a bullish divergence, creating conflict in price and momentum reinforcing the idea of a bounce back up to test 7.7k.Another pattern seems to be in play which again add a point to the bounce, a falling wedge pattern, which is usually a reversal pattern giving us a 64% chance of a move up. I am pretty confident a bounce will occur with such a strong sign spotted in the 4h frame, however the price may readjust consolidating above this support, if this would be the case, than a leg lower 6.8k is expected. Today is the judgment day for BTC. bulls last hope is in play, let's see. Always looking a candles to spot the right entry.
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.