BTC - little pullback, but still not the bottom
D trend chart
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Pattern
BTC shows a serious dip after penetrating the long-term downtrend line, and also forms a big head and shoulders.
The first targets of HS will be 31000~28000.
Possible bottom
Although it seems trying to stop falling, but the reasonable bottom is 28000, it's not only the satisfied level of Fib, but also the previous lows.
Volume
Moreover, notice that every relative bottom areas accumulated big volume.
So we can observe bigger volume shows or not in near future.
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
-
Pattern
BTC shows a serious dip after penetrating the long-term downtrend line, and also forms a big head and shoulders.
The first targets of HS will be 31000~28000.
Possible bottom
Although it seems trying to stop falling, but the reasonable bottom is 28000, it's not only the satisfied level of Fib, but also the previous lows.
Volume
Moreover, notice that every relative bottom areas accumulated big volume.
So we can observe bigger volume shows or not in near future.
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
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🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
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