BTCUSD breakout and new high or creating reversal pattern
Updated
the green trendline is an important zone and support right now that is still remain and is pumping price but if we have breakout then we would expect falling to down side and targets that we talked about all of them in previous analysis :
but for now this movements that are forming may continue and created reversal pattern (Cup and Handle)and price start to fall more and even more correction after pattern get completed .
long-term of Bitcoin is still powerful and more rise is expected too as we talked about but this fall would be retest too on broken channel :
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
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but for now this movements that are forming may continue and created reversal pattern (Cup and Handle)and price start to fall more and even more correction after pattern get completed .
long-term of Bitcoin is still powerful and more rise is expected too as we talked about but this fall would be retest too on broken channel :
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>
Note
previous channel retest and breakout :
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