Hello,
You can see here the pattern BTC might form. We might see 28600 first and then back to 27400.
Please be aware that patterns do fail.
A different outlook of M Pattern is below. M pattern can be of many kinds. It does not need to be a perfect M.
BTC is bearish. I do not suggest a long position.
You can take a short position at 28500 and take part entries with low lev.
TP at 27500. Follow risk Management
Never use high Lev. Protect your funds.
We have BTC in the oversold zone in 1 day and 1 week.
CME gap at around 21000
Thank You
You can see here the pattern BTC might form. We might see 28600 first and then back to 27400.
Please be aware that patterns do fail.
A different outlook of M Pattern is below. M pattern can be of many kinds. It does not need to be a perfect M.
BTC is bearish. I do not suggest a long position.
You can take a short position at 28500 and take part entries with low lev.
TP at 27500. Follow risk Management
Never use high Lev. Protect your funds.
We have BTC in the oversold zone in 1 day and 1 week.
CME gap at around 21000
Thank You
Note
if you see the 5-minute chart below. it is already trying to complete the M pattern.
Low leverage is the king.
This idea or any ideas posted by me are "Not a Financial Advice"
Do not follow me Blindly.
I am not a bot.
Do your own Research.
Always Victory!!!
This idea or any ideas posted by me are "Not a Financial Advice"
Do not follow me Blindly.
I am not a bot.
Do your own Research.
Always Victory!!!
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.
Low leverage is the king.
This idea or any ideas posted by me are "Not a Financial Advice"
Do not follow me Blindly.
I am not a bot.
Do your own Research.
Always Victory!!!
This idea or any ideas posted by me are "Not a Financial Advice"
Do not follow me Blindly.
I am not a bot.
Do your own Research.
Always Victory!!!
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.