BTC has another potential dip
Hi everyone, here is my TA on BTC/USDT on a 1h time frame
- Market is forming a symmetrical triangle but i don't think it's complete
- Inside that is initially, market has formed a rising wedge pattern which favors the bears
- After breaking out the lower trend line of the rising wedge, it consolidate a bit and formed an H&S pattern
- If BTC Price break the neckline of the H&S pattern, we might see another push to the downside.
Overall I'm still bearish on BTC unless I see a major turnover that would favor the bulls ( Like a breakout above the trend line ) NFA, DYOR & TAYOR. Good luck!
- Market is forming a symmetrical triangle but i don't think it's complete
- Inside that is initially, market has formed a rising wedge pattern which favors the bears
- After breaking out the lower trend line of the rising wedge, it consolidate a bit and formed an H&S pattern
- If BTC Price break the neckline of the H&S pattern, we might see another push to the downside.
Overall I'm still bearish on BTC unless I see a major turnover that would favor the bulls ( Like a breakout above the trend line ) NFA, DYOR & TAYOR. Good luck!
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