BTCUSD still not bearish yet
At previous analysis, we have failed 3 drives pattern.
But it doesn't mean that bitcoin trend change to bearish.
As you can see, we have a lot of bullish pattern perform and still running.
1. Inverted head and shoulders pattern (purple)
This pattern still valid as long as we have no candle lower than head. Projection for this pattern at 5000
2. ABCD fibonacci pattern (black)
We also have fibonacci support at bigger timeframe at 3673. This pattern projection at 4500
3. Fibonacci pattern for H1 time frame (Blue)
for smaller timeframe, we have fibonacci support level at 3781 with projection at 3990
4. And channel up pattern (red)
This pattern have no projection.
All of this pattern still valid with north direction.
Note :
* For pattern no.3, we still wait for bitcoin to touch fibonacci support at 3781
** Drop "like" to support me, as I always support you with a good analysis.
But it doesn't mean that bitcoin trend change to bearish.
As you can see, we have a lot of bullish pattern perform and still running.
1. Inverted head and shoulders pattern (purple)
This pattern still valid as long as we have no candle lower than head. Projection for this pattern at 5000
2. ABCD fibonacci pattern (black)
We also have fibonacci support at bigger timeframe at 3673. This pattern projection at 4500
3. Fibonacci pattern for H1 time frame (Blue)
for smaller timeframe, we have fibonacci support level at 3781 with projection at 3990
4. And channel up pattern (red)
This pattern have no projection.
All of this pattern still valid with north direction.
Note :
* For pattern no.3, we still wait for bitcoin to touch fibonacci support at 3781
** Drop "like" to support me, as I always support you with a good analysis.
כתב ויתור
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