Hello traders, this is ripplayer.
Bitcoin may be in a big trouble if we close our 4hr candle below our neckline.
This M-Pattern could take BTC all the way to 46.5k area.
1. Always wait for volume supported break out
2. Re-test of the Neckline
3. Downward Confirmation
Though, I am very Bullish on BTC longer term.
Correction to the downside is not always bad. Just a process to go above ATH.
If we do hold above the neckline. This trade will be inactive and will be looking for a new pattern!
Thoughts?
Thank you, Traders, for taking your time to have a look at my Analysis. Have a fantastic day and a safe trading, all the Best!
"Chance favors the prepared mind.” – Louis Pasteur
Please like, subscribe and share your ideas and charts with the community!
Disclaimer!
Information provided is not a financial advice, it is only educational purposes. You make your own choice!
Bitcoin may be in a big trouble if we close our 4hr candle below our neckline.
This M-Pattern could take BTC all the way to 46.5k area.
1. Always wait for volume supported break out
2. Re-test of the Neckline
3. Downward Confirmation
Though, I am very Bullish on BTC longer term.
Correction to the downside is not always bad. Just a process to go above ATH.
If we do hold above the neckline. This trade will be inactive and will be looking for a new pattern!
Thoughts?
Thank you, Traders, for taking your time to have a look at my Analysis. Have a fantastic day and a safe trading, all the Best!
"Chance favors the prepared mind.” – Louis Pasteur
Please like, subscribe and share your ideas and charts with the community!
Disclaimer!
Information provided is not a financial advice, it is only educational purposes. You make your own choice!
