Bitcoin : Will it break the previous low of 3800$ level ?

On the H4 & D1 Chart Bitcoin made a reversal from strong resistance zone 7,000 - 7300$
Now formed a spinning top bearish reversal Candlestick pattern on D1 Chart and now Bitcoin may attempt to reach the previous swing low and support zone of 3,800$ - 4,000$

Note

Also note that : If Bitcoin breaks the 3,800$ then we have a triangle breakout target of 1,800$. (The triangle is not looking good enough so, it's unconfirmed yet) First we have to see how the market behaves, Bitcoin Should made strong bullish reversal from 4,000$ level if it does so, the triangle bearish breakout will be invalidated.

Note

Keep an eye to this channel too, it's a valid channel till now.

Note

The Channel is still in play and Valid

Note

6400$ became a good resistance on the H1 Chart

Note

On the H1 Chart Bitcoin is moving in Range, Now we need to track and see the market in smaller timeframe.

Booked profit at 5,900$

Trade closed manually

Closed with 10% Profit,

Waiting for new trade entry.

tapasdhanadana

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tapasdhanadana