BTC:What happened? what is going to happen?
Hi every one
Bitcoin / U.S. Dollar
so you might be wondering How is the BTC situation. In this analysis we want to fully explain what has happened and what is going to happen! as you might have seen it before BTC has a been in a big Rising wedge and after the breaking of this pattern a bearish trend has been ruling the market. also if we use the Fibonacci retracement on the chart we can understand that BTC has reacted GREATLY to Fib lines 0.786 and 0.618 .as you can see BTC has touched these lines and done a great Bullish movements! another thing is that there is a ABCD Harmonic Pattern as well which has formed after the bear market started to take control. now this pattern has completed It's movement because as you can see the gap between B&D points is a Fibonacci number!(1.78) after the completion of a bearish ABCD Harmonic pattern the price can always start a strong bullish run! so In summery right now the strongest supports for BTC are 37K and 29K and I believe BTC would touch 37k but after that the price will explode and there will be a strong BULLISH movement Like never before!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
Bitcoin / U.S. Dollar
so you might be wondering How is the BTC situation. In this analysis we want to fully explain what has happened and what is going to happen! as you might have seen it before BTC has a been in a big Rising wedge and after the breaking of this pattern a bearish trend has been ruling the market. also if we use the Fibonacci retracement on the chart we can understand that BTC has reacted GREATLY to Fib lines 0.786 and 0.618 .as you can see BTC has touched these lines and done a great Bullish movements! another thing is that there is a ABCD Harmonic Pattern as well which has formed after the bear market started to take control. now this pattern has completed It's movement because as you can see the gap between B&D points is a Fibonacci number!(1.78) after the completion of a bearish ABCD Harmonic pattern the price can always start a strong bullish run! so In summery right now the strongest supports for BTC are 37K and 29K and I believe BTC would touch 37k but after that the price will explode and there will be a strong BULLISH movement Like never before!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
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t.me/CobraVanguard
📥┃Premium trading experience with COINCALL
coincall.com/r/47022631
📥┃Join the platform where I trade and receive up to a $500 welcome reward! coinex.com/register?refer_code=n8fmk
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