correction or breakout ?
what do you think? lets discus in comment section ?
Red Arrow (Purple arrows ):
Simple and easy Bitcoin is near strong resistance and why strong resistance ?
1.is near channel high level and soon sell pressure will lead market to down side .
2.we are touching all time high and its strong resistance too .
3.if this head and shoulder pattern complete then boom 😮.
Targets:
A.55000
B.52400
Green path : here and now near strong resistance is important zone and any time breakout can happen too and why?
1.new local trendline is now valid that created middle of channel and shown strength (Green trendline)
2.in long term scenarios this is what we believe:
Targets:
A.62000
B.66000
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>
what do you think? lets discus in comment section ?
Red Arrow (Purple arrows ):
Simple and easy Bitcoin is near strong resistance and why strong resistance ?
1.is near channel high level and soon sell pressure will lead market to down side .
2.we are touching all time high and its strong resistance too .
3.if this head and shoulder pattern complete then boom 😮.
Targets:
A.55000
B.52400
Green path : here and now near strong resistance is important zone and any time breakout can happen too and why?
1.new local trendline is now valid that created middle of channel and shown strength (Green trendline)
2.in long term scenarios this is what we believe:
Targets:
A.62000
B.66000
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>
My telegram channel:
t.me/mmbtchannel
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned messages in my telegram channel for more info.
Related publications
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.
My telegram channel:
t.me/mmbtchannel
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned messages in my telegram channel for more info.
Related publications
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.