Analysis on #BTCUSD
Hello friends.
Bitcoin is building slowly and testing new zone constantly, this healthy and it tells a story of how buyers and sellers reacting to market conditions.
we have successfully tested 40k and closed above it which was also a 200MA, I explained all this in my previous analysis if you like to check I will leave a link for you to see it.
What's happing now is a healthy bull back with AB=CD pattern inside this channel as you can see on the chart which usually is a trend continuation pattern.
I hope you understand that a lot of damage happens to the chart and we need to know that the market will keep moving in two steps forward one step backward/
right now it is very important the market closes above 42000 and doesn't spend a lot of time setting there
Kindly leave a comment and like these ideas, if it helps you, it will support the creating of more free ideas for you
Check today analysis below⠀
>>It’s not what we do once in a while that shapes our lives. It’s what we do consistently.
____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Hello friends.
Bitcoin is building slowly and testing new zone constantly, this healthy and it tells a story of how buyers and sellers reacting to market conditions.
we have successfully tested 40k and closed above it which was also a 200MA, I explained all this in my previous analysis if you like to check I will leave a link for you to see it.
What's happing now is a healthy bull back with AB=CD pattern inside this channel as you can see on the chart which usually is a trend continuation pattern.
I hope you understand that a lot of damage happens to the chart and we need to know that the market will keep moving in two steps forward one step backward/
right now it is very important the market closes above 42000 and doesn't spend a lot of time setting there
Kindly leave a comment and like these ideas, if it helps you, it will support the creating of more free ideas for you
Check today analysis below⠀
>>It’s not what we do once in a while that shapes our lives. It’s what we do consistently.
____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
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