BTC: 2 Quasimodo Patterns Forming
HELLO GUYS...
Based on the pattern analysis I have described, it appears that Bitcoin is forming two patterns known as Quasimodo patterns, which I have labeled as QML1 and QML2. By engulfing the two specific areas, the patterns have been confirmed.
It seems that Bitcoin is currently moving rapidly towards the level of pattern one, and there is a possibility of a drop to $20,000 from that area. After that, the second pattern starts to grow again and reaches at least $23,500.
However, it's important to keep in mind that technical analysis is not always accurate and market movements can be unpredictable. It is essential to consider other factors such as market sentiment, news, and overall market trends before making any trading decisions. It is always a good idea to have a proper risk management strategy in place and to seek the advice of a professional financial advisor before making any investment decisions.
Based on the pattern analysis I have described, it appears that Bitcoin is forming two patterns known as Quasimodo patterns, which I have labeled as QML1 and QML2. By engulfing the two specific areas, the patterns have been confirmed.
It seems that Bitcoin is currently moving rapidly towards the level of pattern one, and there is a possibility of a drop to $20,000 from that area. After that, the second pattern starts to grow again and reaches at least $23,500.
However, it's important to keep in mind that technical analysis is not always accurate and market movements can be unpredictable. It is essential to consider other factors such as market sentiment, news, and overall market trends before making any trading decisions. It is always a good idea to have a proper risk management strategy in place and to seek the advice of a professional financial advisor before making any investment decisions.
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