BTCUSDTechnical double bottom at the right shoulder now supported by one ascending structure trendline forming the bullish 2618 at the golden fib but also by the 200 moving avarage.
The projections for 2618 pattern formation sending the price for a retest of the most recent highs and daily fractal, with one eventual bearish crab pattern projected above at 1285, which may also force a pullback for a retest of the broken fractal as a broken resistance and as a eventual support.
Note
Note
Previous structure trendline resistance now as potential support! Break or bounce!Note
... the 161,8% reversal fib extensionNote
Inverted head and shouldersNote
4h chart:Note
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
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.
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
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.