#BITCOIN ⟶ ON THE BRINK OF EXPLOSION OR CRASH??!
💎#BITCOIN / ⏱1-hour timeframe
👀BITCOIN , after forming a double bottom pattern and confirming the bottom formation by breaking the neckline:
🔻experienced a slow decline within a bearish channel and reached the previous lows.
🔥Now it has reached the high of this channel and it's a very important area for decision making‼️
✅Bullish Scenario: If it breaks 59371 on the 15-minute timeframe and closes above 59462.38, a bullish signal will be issued.
🎯Bullish Targets:
🚀Target 1: 60143.30
🚀🚀Target 2: 61166.30
🚀🚀🚀Target 3: 62335.80-62731.30
✅Bearish Scenario: If the lower side of the triangle and the daily support of 58922.00 is broken on the 15-minute timeframe, a bearish signal will be issued.
🎯Bearish Targets:
🔻Target 1: 57902.00-58041.37
🔻🔻Target 2: 56679.60
🔻🔻🔻Target 3: 55123.10-55382.60
👀BITCOIN , after forming a double bottom pattern and confirming the bottom formation by breaking the neckline:
🔻experienced a slow decline within a bearish channel and reached the previous lows.
🔥Now it has reached the high of this channel and it's a very important area for decision making‼️
✅Bullish Scenario: If it breaks 59371 on the 15-minute timeframe and closes above 59462.38, a bullish signal will be issued.
🎯Bullish Targets:
🚀Target 1: 60143.30
🚀🚀Target 2: 61166.30
🚀🚀🚀Target 3: 62335.80-62731.30
✅Bearish Scenario: If the lower side of the triangle and the daily support of 58922.00 is broken on the 15-minute timeframe, a bearish signal will be issued.
🎯Bearish Targets:
🔻Target 1: 57902.00-58041.37
🔻🔻Target 2: 56679.60
🔻🔻🔻Target 3: 55123.10-55382.60
Nota
Hi🤚
✅Yesterday, the support 58,922 was finally broken, confirming the bearish condition.
🎯The first target has now been reached.
👍I know many of you were expecting a rise and messaged me saying it would go up.
🤷♂️But the reality is that sometimes you have to have an unbiased view of the market and only look at the conditions for a rise or fall.
🙏I hope you were able to take profits at the first target🎉
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