QM pattern or continue down?
BTC still move under EMA 21, 34, 90 in daily chart. I had 2 ideas for bitcoin
1. Yellow line (bold)
BTC will make inverse QM pattern in time frame 4 hours and make external retracement after touch fibo 61,8. Maybe prepare for new trend or reversal
2. White line
BTC continue down to area fibo cluster at 31k-30k and previous support on 2021. If zoom to to time frame 1 hour, there is performed pattern like rising wedge or bearish pennant
1. Yellow line (bold)
BTC will make inverse QM pattern in time frame 4 hours and make external retracement after touch fibo 61,8. Maybe prepare for new trend or reversal
2. White line
BTC continue down to area fibo cluster at 31k-30k and previous support on 2021. If zoom to to time frame 1 hour, there is performed pattern like rising wedge or bearish pennant
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