After failing to break resistance at $300 (or 1900 yuan) in march, BTC resumed the bearish trend, which is now lasting 15 months.
If in the coming 2-3 weeks price reaches january low, there would be the potential for an almost perfect bullish butterfly.
Of course there is no guarantee that BTC will stop there, but I suggest ~$160 or ~930 yuan as a Potential Reversal Zone nonetheless. It'd be at least a great profit taking zone for shorters.
If in the coming 2-3 weeks price reaches january low, there would be the potential for an almost perfect bullish butterfly.
Of course there is no guarantee that BTC will stop there, but I suggest ~$160 or ~930 yuan as a Potential Reversal Zone nonetheless. It'd be at least a great profit taking zone for shorters.