BTCUSDT is ready for a scary dip
Hello traders!
BTC is ready for a scary dip but this move will work like a slingshot because BTC is aiming for a trendline that is at the top. Not only that it will break it towards the upside and we will see the bullish spike.
Every trendline is formed to be broken but the only condition is that the angle of the trendline should not be steep.
The trendline above is valid and BTC will touch that trendline after breaking the trendline from the Bottom, I am leaving an example below to see how it will move.
This whole formation is a pullback pattern that is formed below the important zone. I was expecting this pattern for a week because these types of patterns form after breaking an important zone.
XRP Example
Don't forget to hit the like button and follow to stay connected.
BTC is ready for a scary dip but this move will work like a slingshot because BTC is aiming for a trendline that is at the top. Not only that it will break it towards the upside and we will see the bullish spike.
Every trendline is formed to be broken but the only condition is that the angle of the trendline should not be steep.
The trendline above is valid and BTC will touch that trendline after breaking the trendline from the Bottom, I am leaving an example below to see how it will move.
This whole formation is a pullback pattern that is formed below the important zone. I was expecting this pattern for a week because these types of patterns form after breaking an important zone.
XRP Example
Don't forget to hit the like button and follow to stay connected.
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