This is the bearish view only. BTC has formed a triangle and its support and resistance will be tested before breaking down. Target of the triangle is 7257 which happens to be a strong support. Price can also bounce of the 7525 which is strong support as well.
The price action is forming the Batman pattern, similar to October 25th price action. The batman pattern is a W but with sharper lines and in the middle there is a head with two horns, similar to batman's mask. The sides of the pattern spread out like wings of a bat.
A bullish harmonic will form in the case the price action follows the predicted path. This means there is a significant bounce of the 7252 level.
The price action is forming the Batman pattern, similar to October 25th price action. The batman pattern is a W but with sharper lines and in the middle there is a head with two horns, similar to batman's mask. The sides of the pattern spread out like wings of a bat.
A bullish harmonic will form in the case the price action follows the predicted path. This means there is a significant bounce of the 7252 level.
Trade stängt: Stopp nått:
broke up from triangle
