BTC on Roof Pattern, can it break up or down? 6400 or 20500.

Hello,

This is my view, I dnot want to scare anyone, but this is what I see on the chart. So get ready for anything.

It is called as Roof Pattern, read more here.

thepatternsite.com/roof.html

It can break up or down, when it breaks get ready.

Targets are 6400 or 20500.

Comments?

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So we broke downside. Buy range would be 6500-8500. it will take a pause at 11700, 9200, 7500.

It is very hard to get the last level, dnot try bottom fishing.

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Remember, this fall is healthy for next year. 2900 --> 20000, almost 6.5 x.

Ex: 7500 x 6.5 x = 48000? is the next target for BTC?

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I see the price is recovering from the support.

Still, the Roof pattern holds good. Price has to break it decisively.

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An old descending triangle is broken and the new ascending channel is on the way.

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within the pattern and heading towards the support. It is going to be 4th time test.

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we are heading to 20k

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Here is the update

We broke the roof top pattern and formed a downtrend channel. Price is following into the channel. But there is a strong support at the demand zone. As long as support holds the demand zone, we can buy there and sell on top.

1) Price on trendline
2) Forming a symmetric triangle pattern which can breakout soon.
3) Price is above the support.