As we predicted in our last analysis, the price could not move based on our prediction and it couldn't fix over its trend line and faced a fall. This caused our scenario to succeed and we received whole the expected profit amount in the market. At the moment, we observe a cup pattern in the daily time frame and via the precise prediction of our team, the price is able to fall a little toward S2 and then by being supported and breaking R1 upward, the handle of our pattern would be completed and the price will be on its rise toward R2 and R3. But in case the price moves below S2, and fixes there, our scenario fails and more decline is there for Bitcoin.
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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.