Hello guys!
Do you remember the last analysis?
Now this BTC chart shows a textbook example of two consecutive QML (Quasimodo Level) patterns forming (QML1 and QML2), each confirmed by clean engulfed lows.
If price respects this second QML zone, we could see another bearish move toward the 116k zone, possibly lower.
Do you remember the last analysis?
Now this BTC chart shows a textbook example of two consecutive QML (Quasimodo Level) patterns forming (QML1 and QML2), each confirmed by clean engulfed lows.
- QML1 caused a strong drop after the high was broken and a new low formed.
- Price retraced and created QML2, again with a confirmed engulfed low (engulfed2).
- We're now likely to see a reaction at the QML2 supply zone.
If price respects this second QML zone, we could see another bearish move toward the 116k zone, possibly lower.
👉 My recommended broker: bit.ly/HYMCMELI
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Telegram channel: t.me/melikatrader94
Forex telegram channel: t.me/melikatrader94GoldForex
____
Telegram channel: t.me/melikatrader94
Forex telegram channel: t.me/melikatrader94GoldForex
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 recommended broker: bit.ly/HYMCMELI
____
Telegram channel: t.me/melikatrader94
Forex telegram channel: t.me/melikatrader94GoldForex
____
Telegram channel: t.me/melikatrader94
Forex telegram channel: t.me/melikatrader94GoldForex
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.