BTC clearly has lost its uptrend momentum when it got close to the 3595 EUR resistance. It made a Spinning Top candlestick pattern, which indicates a potentional trend reversal. And that means that BTC is staying in its now made Ascending Triangle pattern ( The triangle pattern is in light blue color ). Expecting BTC to retrace to 3200 Euros, because the level has been previously well tested as support and ressistance ( The purple dotted Support/Resistance level ).
When I looked at 4H chart I saw that the price failed to make a higher high, and instead made same high, so I am expecting a lower low and the price to continue down wards to the 3200 EUR.
I have marked the zone I have my eyes on!
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When I looked at 4H chart I saw that the price failed to make a higher high, and instead made same high, so I am expecting a lower low and the price to continue down wards to the 3200 EUR.
I have marked the zone I have my eyes on!
Leave a LIKE if you are waiting for BTCs move to the MOON !
Comment your thoughts about BTC!