BITCOIN (BTC) IS ON A DOWNWARD RIDE
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Hey there, crypto enthusiasts! I have got some juicy updates on this particular asset that you might want to sink your teeth into.
Unfortunately, things aren't looking so hot right now. This poor asset (BTC) has lost over $1,700 after the neckline of the double-top (M) pattern broke. Ouch!
But don't lose hope just yet. The last candle was a BULLISH PINBAR, which could indicate a possible bullish pullback to the neckline. If the current daily candle closes above the pinbar, we might see the asset make a comeback. And if it does, my target will be the $21,000 - $21,300 zone as TP.
However, if the asset eventually pullback to the neckline, I'll be playing it safe and shorting BTC from the neckline of the M-pattern. My TP1 is set at $19,600, and TP2 will be the SUPPORT TRENDLINE
But let's not forget to keep an eye on the $18,400 zone, as it could provide some strong support.
So, what do you think of BTC's current situation? Let's start a conversation in the comments section! And while you're at it, be sure to follow me and share your thoughts.
Let's ride this crypto rollercoaster together!
Unfortunately, things aren't looking so hot right now. This poor asset (BTC) has lost over $1,700 after the neckline of the double-top (M) pattern broke. Ouch!
But don't lose hope just yet. The last candle was a BULLISH PINBAR, which could indicate a possible bullish pullback to the neckline. If the current daily candle closes above the pinbar, we might see the asset make a comeback. And if it does, my target will be the $21,000 - $21,300 zone as TP.
However, if the asset eventually pullback to the neckline, I'll be playing it safe and shorting BTC from the neckline of the M-pattern. My TP1 is set at $19,600, and TP2 will be the SUPPORT TRENDLINE
But let's not forget to keep an eye on the $18,400 zone, as it could provide some strong support.
So, what do you think of BTC's current situation? Let's start a conversation in the comments section! And while you're at it, be sure to follow me and share your thoughts.
Let's ride this crypto rollercoaster together!
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