Hello guys and good night, in this updated of this technical analysis we believe that Bitcoin is continue down until the $9,000 USD in the next hours of the day of tomorrow.
I Daily we are a possible ouch the Daily yellow zone that mean a possible go back of the demand zone, also this kind of strategy that I use is called supply and demand, for there I have this zone mark in each color to identify the timeframe.
And in H1 timeframe there are a interesting position to put in short in these levels of $9,210 USD that i put, do you remember in my previously technical analysis, I reccomend for there to closed up your position because Bitcoin it's could be to experiment to go back, now that phenomenol using hte psycology and price action is taking in our hand. So, that is my projection that in the next hours Bitocin it's could be to formation a bullish butterfly, that mean that Bitcoin is so prepared to to break up this ascendent channel that we are from June, 1, 2020. So, there are an interesting fomation that if you get it, there are a formation of tripple bottom, that mean that there are still buyers that want to go go buy at this level of $9,050 and $8,950 USD, that is an approximattely range of price that have the buyers to buy, so all bulls are hope that the Bitcoin go down to buyers buy Bitcoin at this level, and so, for conclude, if the bulls defend above of $9,000 usd, did you noticed what is mean> That mean a possible bull run comming soon of Bitcoin that it's can to jump above of the mark $10,000 USD in the few weeks. So, guys, making trading in Bitcoin and starting accumulate more Bitcoin to fight agains the inflations of our money and save our money. , and so interesting that I see a possible formation buterfly bullish in H1, and also in H4 were form a formation of bearish BAT, and so, that mean a continuation as you see in the screenshoot in H1 timeframe the next formation of armonic pattern birth.
Also, I add in my related ideas of my previously technical analysis, so enjoy the day of tomorrow Friday!!!
Also, that is my analysis and a long position in Bitcoin I do a closed up manually.