Bitcoin has completed 5 wave pattern and now it is at a very critical stage.
Luckily after point E, lower part of the triangle manged to hold selling pressure and bounced back up.
Now on the chart it is very critical for Bitcoin to break above the upper part of the triangle which will be decided the marked critical zone.
If bitcoin manage to break and stay above that critical zone, it will continue in an upward trend.
However if fails to break or hold upper part of the triangle then Bears will be in control and Bitcoin might potentially fall back to 29K level.
Next couple of days are critical for Bitcoin.
If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends.
Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks.
Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
Luckily after point E, lower part of the triangle manged to hold selling pressure and bounced back up.
Now on the chart it is very critical for Bitcoin to break above the upper part of the triangle which will be decided the marked critical zone.
If bitcoin manage to break and stay above that critical zone, it will continue in an upward trend.
However if fails to break or hold upper part of the triangle then Bears will be in control and Bitcoin might potentially fall back to 29K level.
Next couple of days are critical for Bitcoin.
If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends.
Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks.
Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely