The direction and target are same as my previous analysis:
[Past Article] BTC Weekly Bearish Sea Pony Pattern
For the Dragon Pattern, please refer to my past articles.
[Past Article] Bearish Dragon Pattern Unfolding: Beware ofIncreasing Bearish Momentum
The forecast is bearish. I expect a rebound at 83-84k and 73-76k, with the worst-case scenario predicting a drop to the high 60k range (68k plausible).
The chart displays my newly developed "EMA Triangle Momentum Indicator" this time. The color-changing band and the elongated purple triangle represent the loss of bullish momentum (I'm preparing an article to explain the principle of this indicator).
[Past Article] BTC Weekly Bearish Sea Pony Pattern
For the Dragon Pattern, please refer to my past articles.
[Past Article] Bearish Dragon Pattern Unfolding: Beware ofIncreasing Bearish Momentum
The forecast is bearish. I expect a rebound at 83-84k and 73-76k, with the worst-case scenario predicting a drop to the high 60k range (68k plausible).
The chart displays my newly developed "EMA Triangle Momentum Indicator" this time. The color-changing band and the elongated purple triangle represent the loss of bullish momentum (I'm preparing an article to explain the principle of this indicator).
Trade active
Chart update.
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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.
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.