On day chart
Bitcoin has soared and plunged with high volatility in range $45,8xx and $41,000
Bitcoin has important support at $40K and Supply Zone around $47K that's why Bitcoin's dropped
With the last bullish candle has upper long wick, I think this is a Fake Breakout and it can create Reversal Pattern #HeadShoulders to pull Bitcoin back to $35K
Wait and see confirmation to trade
Bitcoin has soared and plunged with high volatility in range $45,8xx and $41,000
Bitcoin has important support at $40K and Supply Zone around $47K that's why Bitcoin's dropped
With the last bullish candle has upper long wick, I think this is a Fake Breakout and it can create Reversal Pattern #HeadShoulders to pull Bitcoin back to $35K
Wait and see confirmation to trade
Note
Breakdown is beginning for Short Position to $35K
Note
Happened
Now, wait for retest to open Short Position
Note
Wait for declined FVG or Resistance around 43K
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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.
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.