Hi
BTC has strong resistance of 60000 $ in the weekly time frame.
Suppose it reacts to this resistance, and the trend changes.
What will happen?
Primarily it will create a double high pattern.
The proportion formed will also be similar to the proportions of the butterfly pattern.
So we have to wait and see what the reaction of Bitcoin will be to the strong resistance ahead.
BTC has strong resistance of 60000 $ in the weekly time frame.
Suppose it reacts to this resistance, and the trend changes.
What will happen?
Primarily it will create a double high pattern.
The proportion formed will also be similar to the proportions of the butterfly pattern.
So we have to wait and see what the reaction of Bitcoin will be to the strong resistance ahead.
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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.