we have wider range of price ranges between 5943$ and 6533$ where it exhibit Bearish Channel which brokeup and re-test is done with a formation of Morning Star which signal potential uptrend continuation.
Recovery in progress it required maximum patience, the chart shown possible wave pattern and potential immediate targets.
Better day ahead.
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Recovery in progress it required maximum patience, the chart shown possible wave pattern and potential immediate targets.
Better day ahead.
I appreciate you guys for taking the time to read my posts and Please leave a LIKE and FOLLOW us for more updates. Your likes is what keep us going.
Thank you for your support.
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Hi Price shown serious rejection at 6470$ area, which fall back inside the our designed closed range of 6195$ and 6324$.
Good news for now is that still yet price still remain outside of the BEARISH CHANNEL.
If price eventually close back inside this bearish channel we may form total corrective wave to terminate at 78.6% fib retracement level where major wave C of corrective wave will be formed around 6025$.
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Patience guys!!!!Trade active
Hello guys,BTC recorded great achievement yesterday with closing with full candle and above the previous high.
Yesterday we spotted CUP and Handle formation and again with how BTC closed yesterday we has another pattern in view which is INVERSE HEAD and SHOULDER.
We may see some retracement down before major move will start again.
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Hi guysQuick update
Retracement mode still in progress!!!
I discovered that we just retraced for 38.2% fib level, but I think this level is not matured enough as price may tend to go more down to test major level around 61.8% fib level (6145$) or 78.6% fib level (6025) area before major uptrend will continue.
Well, anything can still happen if price manage to find support at 6330$.
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Hi guys,I hope we are all good so far, BTC has been struggle to keep above the major support and rise one more time at least to re-test 7k zone.
Long term still maintain the recovery process.
On smaller timeframe potential flag and pole which is bullish in nature is forming.
Just as I always say, expect breakout in any of the direction, but TA favour breakup more than the breaking down since its BULLISH flag and pole.
Potential level to watch for Bounce are
6450,
6435
6405
6385
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Our last update was about POLE AND FLAG which failed.Here is quick update for us
Support Levels to watch for before free fall if there will be any:
6150
6078
6020
5965
5923
Grand Support Must not Break is 5858$
If This break we will has 3rd time attempt test on my FLAG which may probably break it down.
Still doing my extensive analysis guys but before its ready have this to understand what market is upto.
thanks for your support.
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Hi guys Quick update, good bounce off 6590 zone as expected but still I will regard this zone as no trade zone.
BTC need to breakout from that triangle before we can be sure of its next move.Any close above 6800$ will confirm good buy opportunity to at least 7100$.
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💎 Premium details: t.me/wcsepayment
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📩 Promotion/Partnership: t.me/WESLAD
Related publications
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.