BTC has just come out of a bearish channel that has lasted since the beginning of November.
A single candle that broke the Bear flag to the upside, giving hope for a turnaround.
I hope BTC now uses the top of the channel as support by retracing to a maximum of 38K.
The closing of a Gartley Pattern was formed today which provides for a retracement right on the 0.618 Fibonacci.
If the price holds up to 38K, we could be hoping for a new trend.
what do you think about it?
A single candle that broke the Bear flag to the upside, giving hope for a turnaround.
I hope BTC now uses the top of the channel as support by retracing to a maximum of 38K.
The closing of a Gartley Pattern was formed today which provides for a retracement right on the 0.618 Fibonacci.
If the price holds up to 38K, we could be hoping for a new trend.
what do you think about it?
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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.