BTCUSDT Price Action
After an swing upward, price fail to reach at least 33k region.
Candlesticks inverted hammer & doji consecutive after an peak, bearish.
Neckline: the priceaction will reaction from this and pullback to test.
Expected a head in formation. Head and Shoulders correction in confluence to triangle.
I've wright in baloon 'if price... breaks down... confirm reversal', but this is not a uptrend as the ordinary people may have think. All is BEARISH.
Volume: show of weakness.
If price action breaks down 61.8% of Fibonacci retracement, then one more confirmation to remains bearish and maintain short. 30k is the region of the neckline of the major double bottom to pay attention. The price action can form a wide range. But I'm expected dump.
Candlesticks inverted hammer & doji consecutive after an peak, bearish.
Neckline: the priceaction will reaction from this and pullback to test.
Expected a head in formation. Head and Shoulders correction in confluence to triangle.
I've wright in baloon 'if price... breaks down... confirm reversal', but this is not a uptrend as the ordinary people may have think. All is BEARISH.
Volume: show of weakness.
If price action breaks down 61.8% of Fibonacci retracement, then one more confirmation to remains bearish and maintain short. 30k is the region of the neckline of the major double bottom to pay attention. The price action can form a wide range. But I'm expected dump.
Note
The price can be rejected from that neckline and initiate a wide range wich can be reversal to form a double bottom. But all scenario is bearish. Note
Note
I mean 'double top' when I refer to a neckline and not a 'double bottom' as I typed. Mistake. A double bottom pattern is possible but we have a double top from All-Time-High, that's a thing.Note
Note
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.