Wait and see if you want short Bitcoin (16,Sept 2021)
hi traders, let's continue with the previous bitcoin market analysis, on this occasion I will try to share an analysis of the potential for bitcoin price movements.
You can see on the chart in the 1 hour timeframe above, that Bicoin started to enter the Fibonaci area of 1.618 and formed a rising wedge pattern, which means bitcoin has a potential reversal and this potential correction could occur up to the nearest support in the 46.4 - 47.3 K area and if this area is penetrated then there will be a potential return to the 44 - 45 K area, but we both hope that it will not return to this level. Well maybe that's enough for today's analysis, hope it helps
You can see on the chart in the 1 hour timeframe above, that Bicoin started to enter the Fibonaci area of 1.618 and formed a rising wedge pattern, which means bitcoin has a potential reversal and this potential correction could occur up to the nearest support in the 46.4 - 47.3 K area and if this area is penetrated then there will be a potential return to the 44 - 45 K area, but we both hope that it will not return to this level. Well maybe that's enough for today's analysis, hope it helps