Btc on 4h chart
After the petant breakdown ,
📌 From breakdown to 12 June low consider fib retracement on 0.5 fib it is resisting with wicks
📌As well same 0.5 has coincides with 50 ema
📌 based on candels, morning star formation can be seen, but it is not valid as the bullish candel pattern should've been formed near support, currently it is trading near about resistance
📌As ema 50 rejection we consider it as pressure zone
📌 Probably 34,000 or 33,700 can be expected as of now (13jun)
After the petant breakdown ,
📌 From breakdown to 12 June low consider fib retracement on 0.5 fib it is resisting with wicks
📌As well same 0.5 has coincides with 50 ema
📌 based on candels, morning star formation can be seen, but it is not valid as the bullish candel pattern should've been formed near support, currently it is trading near about resistance
📌As ema 50 rejection we consider it as pressure zone
📌 Probably 34,000 or 33,700 can be expected as of now (13jun)
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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.