Igor-Silva

BTC/USD - D1 - Are we ready for another bull run?

BINANCE:BTCUSDT   Bitcoin / TetherUS
We identified a reversal pattern on the daily chart, that hammer shows correction of the bearish move that isn't over until the price breaks $ 12.350, where it is the 61% of the Fibonacci retracement. We should keep in mind that at the weekly chart we have a Shooting Star pattern (Bearish Signal), so this correction could be ended at the prices levels highlighted in RED above ( $11.340,83 / $11.828,12 / $12.350,00) where Bears keeps a strong defense. For now, Bitcoin didn't finish the correction, not until 61% of the Fibonacci retracement be overcome.

Penafian

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