Zen_3_6_9

BTC (Current thoughts)

Long
BINANCE:BTCUSD   Bitcoin / U.S. Dollar

I have just used the bars pattern tool on the price action from Jun 9th to Jun 13th.
As you can see the price action we have seen this week is very similar, I think we could be seeing a repeat of this type of price action resulting in a pump of roughly +10% over the weekend.

This is the last location of support via the 37.2k level. If we break this we will see a swift drop down to the 34.7k area.

Comments

please add more setups i will counter you
+1 Reply
Zen_3_6_9 senzythedj
@senzythedj, This wasn't a setup this was just market analysis. I only post price action analysis I'm not a signal service.

I said the price was currently in the last level of support after the breakout which was the 37.2k area and personally I could see the price respecting the premature structure it was forming and continuing higher, this didn't happen but I did say if we break this level we will surely see a swift drop down to 34.7k level and that's exactly what happened.

There are plenty of pages that you should get in touch with if signals are what you need bud. @Fibonacci-Signals and @CryptoAlkaline
+1 Reply
@Zen_3_6_9, Technically the analysis was correct and informative. Good job :)
+1 Reply
I agree👌
+1 Reply
Zen_3_6_9 mahdisoltaninjad
@mahdisoltaninjad 💪🏼🧗🏻‍♂️
Reply
what will be the impact, if death cross happens
+1 Reply
mahdisoltaninjad CryptoCricuit
@CryptoCricuit, This could be a sign of market confusion, but there are many bullish signals. At the moment, the price has a correction on the side of the triangle and we expect to climb
+1 Reply
Zen_3_6_9 mahdisoltaninjad
@mahdisoltaninjad, Well said.
Reply