hello guys
Bitcoin recently completed a crown pattern, a bearish reversal formation that signaled a downward move. As expected, BTC followed the pattern structure and reached its target.
Currently, the price has touched two critical technical levels:
✔ The balance line – A key horizontal support zone
✔ The ascending trendline – Acting as dynamic support from previous lows
This confluence of support suggests that BTC might be at a potential reversal zone. However, while the conditions seem favorable for an upward movement, we need additional confirmation. Possible bullish signals to watch for include:
A strong bullish candlestick pattern (e.g., engulfing, pin bar)
Increased buying volume
A break above the nearest resistance level
If BTC maintains this support, we could see a recovery towards $90K+ levels in the short term. Otherwise, a breakdown below the trendline may trigger further downside.
Bitcoin recently completed a crown pattern, a bearish reversal formation that signaled a downward move. As expected, BTC followed the pattern structure and reached its target.
Currently, the price has touched two critical technical levels:
✔ The balance line – A key horizontal support zone
✔ The ascending trendline – Acting as dynamic support from previous lows
This confluence of support suggests that BTC might be at a potential reversal zone. However, while the conditions seem favorable for an upward movement, we need additional confirmation. Possible bullish signals to watch for include:
A strong bullish candlestick pattern (e.g., engulfing, pin bar)
Increased buying volume
A break above the nearest resistance level
If BTC maintains this support, we could see a recovery towards $90K+ levels in the short term. Otherwise, a breakdown below the trendline may trigger further downside.
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.