BITCOIN is in big trouble... Target:46k :(
Hello traders, this is ripplayer.
Bitcoin may be in a big trouble if we close our 4hr candle below our neckline.
This M-Pattern could take BTC all the way to 46.5k area.
1. Always wait for volume supported break out
2. Re-test of the Neckline
3. Downward Confirmation
Though, I am very Bullish on BTC longer term.
Correction to the downside is not always bad. Just a process to go above ATH.
If we do hold above the neckline. This trade will be inactive and will be looking for a new pattern!
Thoughts?
Thank you, Traders, for taking your time to have a look at my Analysis. Have a fantastic day and a safe trading, all the Best!
"Chance favors the prepared mind.” – Louis Pasteur
Please like, subscribe and share your ideas and charts with the community!
Disclaimer!
Information provided is not a financial advice, it is only educational purposes. You make your own choice!
Bitcoin may be in a big trouble if we close our 4hr candle below our neckline.
This M-Pattern could take BTC all the way to 46.5k area.
1. Always wait for volume supported break out
2. Re-test of the Neckline
3. Downward Confirmation
Though, I am very Bullish on BTC longer term.
Correction to the downside is not always bad. Just a process to go above ATH.
If we do hold above the neckline. This trade will be inactive and will be looking for a new pattern!
Thoughts?
Thank you, Traders, for taking your time to have a look at my Analysis. Have a fantastic day and a safe trading, all the Best!
"Chance favors the prepared mind.” – Louis Pasteur
Please like, subscribe and share your ideas and charts with the community!
Disclaimer!
Information provided is not a financial advice, it is only educational purposes. You make your own choice!
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.