From our point of view, the pair could develop impulsive structure (12345) and complete ABC pattern, but at the same time a technical rebound in area 9,000 is possible before seeing the potential wave (5) development around 8,000.
BEARISH SETUP
(click and play on chart below)
![[BITCOIN] PULLBACK OR REVERSAL?](https://s3.tradingview.com/z/zx4kXERX_mid.png)
If you think our analyzes are useful, support us with a simple "Like", thank you and trade with care!
BEARISH SETUP
(click and play on chart below)
If you think our analyzes are useful, support us with a simple "Like", thank you and trade with care!
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Supports & ResistancesNote
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Trade closed: target reached
Bullish Target hit!Next updates in out trading room. Have a nice weekend!!!
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Support our works about Bitcoin:tradingview.com/u/SignalSwiss/[BITCOIN]
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If you want, you can toke some profit...Note
*TakeTrade closed: target reached
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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.