12h time frame
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According to previous analysis, Bitcoin made a false breakout(or stop hunting) again.
This PA usually creates V shape as we see recently, current question is where does this pump reach, I think the top of this pump is the best opportunity to short before next BTC halving in 2024.
If we take a step back, there is a potential harmonic pattern(shark structure), its D point(PRZ) is aligned with Fibonacci retracement 0.382(as we analyzed before). Therefore, if Bitcoin can maintain this pump, it might reach the end at around 29500.
Entry: 29500
TP: 18000~20000
SL: 30500
-
According to previous analysis, Bitcoin made a false breakout(or stop hunting) again.
This PA usually creates V shape as we see recently, current question is where does this pump reach, I think the top of this pump is the best opportunity to short before next BTC halving in 2024.
If we take a step back, there is a potential harmonic pattern(shark structure), its D point(PRZ) is aligned with Fibonacci retracement 0.382(as we analyzed before). Therefore, if Bitcoin can maintain this pump, it might reach the end at around 29500.
Entry: 29500
TP: 18000~20000
SL: 30500
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🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: www.bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
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→Join Teaching Group for free!(PM me)
