Bitcoin
Updated
BTCUSD we still in downtrend
But I see some volume is coming
We break up resistance line (black color)
Formed triangle (white) - this can be a reversal pattern as well as a trend continuation pattern
I also showed all the patterns that I see after falling to 6500
I also consider the option of movement in the uptrend channel - this channel can also be considered as a pattern - continuation of the trend
Now the mood is pessimistic in the market, but not panic yet. and that means this could happen soon.
If we look locally, then we are corrected after the fall and in this case I use the fibonacci levels
Therefore, I assume that we will reach 8000-8200 before we fall
Best regards EXCAVO
But I see some volume is coming
We break up resistance line (black color)
Formed triangle (white) - this can be a reversal pattern as well as a trend continuation pattern
I also showed all the patterns that I see after falling to 6500
I also consider the option of movement in the uptrend channel - this channel can also be considered as a pattern - continuation of the trend
Now the mood is pessimistic in the market, but not panic yet. and that means this could happen soon.
If we look locally, then we are corrected after the fall and in this case I use the fibonacci levels
Therefore, I assume that we will reach 8000-8200 before we fall
Best regards EXCAVO
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