Can Descendingš„Scallopš„Deliver Bitcoin to Support zoneāļøā
Updated
Bitcoin has been moving in a descending channel for several days.
It seems that Bitcoin has formed a descending scallop pattern to break the support line.
I expect Bitcoin to fall to the š¢support zone($21600-$20940)š¢ and the lower line of the descending channel after breaking the neckline.
āļøNoteāļø: We must wait to break the neckline to verify the descending scallop pattern.
šDescending Scallopš: Descending Scallop is a continuation pattern that forms in the middle of the downward trends, where the price continues its downward trend after that.
Bitcoin Analyze ( BTCUSDT ), 1-hour Time frame ā°.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ā ' like'ā button šš & Share it with your friends; thanks, and Trade safe
It seems that Bitcoin has formed a descending scallop pattern to break the support line.
I expect Bitcoin to fall to the š¢support zone($21600-$20940)š¢ and the lower line of the descending channel after breaking the neckline.
āļøNoteāļø: We must wait to break the neckline to verify the descending scallop pattern.
šDescending Scallopš: Descending Scallop is a continuation pattern that forms in the middle of the downward trends, where the price continues its downward trend after that.
Bitcoin Analyze ( BTCUSDT ), 1-hour Time frame ā°.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ā ' like'ā button šš & Share it with your friends; thanks, and Trade safe
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Neckline broke.Comment
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Descendingš„Scallopš„= ā
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