The daily chart shows a validated bat pattern and a hypothesis of a butterfly pattern with C and D point on the resistance/support already traced.
On the 1H there is a rising wedge almost and the end, touching the D1 resistance and with lowering volumes, this could reinforce a possible change of trend.
This could lead to a downtrend around 6900-7400$, and this could potentially be the last time to accumulate btc at a good price.
I consider the butterfly invalidated if price goes over 50 SMA or if RSI reach 60
In short next hours could be hot! Stay tuned!
#BTC #trading #BITCOIN #cryptocurrencies #criptovalute #analysis
On the 1H there is a rising wedge almost and the end, touching the D1 resistance and with lowering volumes, this could reinforce a possible change of trend.
This could lead to a downtrend around 6900-7400$, and this could potentially be the last time to accumulate btc at a good price.
I consider the butterfly invalidated if price goes over 50 SMA or if RSI reach 60
In short next hours could be hot! Stay tuned!
#BTC #trading #BITCOIN #cryptocurrencies #criptovalute #analysis