VIP MARKET UPDATE: $BTC
BTC is currently consolidating in a diamond shape pattern below point of control level which is coming at $39,487.
Diamond pattern in a downtrend has 70% chances of an upward breakout.
After break of structure the previous low which is coming at $37555 has not been swept yet and the price is still forming a higher low.
Huge liquidity is present on both sides and there is a tug of war between bulls and bears at this important level.
Target of the diamond pattern is marked with marked demand and supply zones.
Here we have to wait for breakout or breakdown of diamond pattern, which will confirm the next move of BTC.
➖➖➖➖➖➖➖
- Med Signals®
Diamond pattern in a downtrend has 70% chances of an upward breakout.
After break of structure the previous low which is coming at $37555 has not been swept yet and the price is still forming a higher low.
Huge liquidity is present on both sides and there is a tug of war between bulls and bears at this important level.
Target of the diamond pattern is marked with marked demand and supply zones.
Here we have to wait for breakout or breakdown of diamond pattern, which will confirm the next move of BTC.
➖➖➖➖➖➖➖
- Med Signals®
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