Hello Traders. Hope you are doing well. Last time BTC formed a QM pattern which is a reversal pattern that I published in my analyses. Now it has formed a triangle as well as you can see on the chart. On the daily you can see a huge divergence on RSI too which suggests that BTC is going into the correction. The trigger that shows us that BTC is certainly going to go down is if price breaks the triangle to the downwards.
What do you think guys?
Comment your thoughts on what is going to happen. ❤
What do you think guys?
Comment your thoughts on what is going to happen. ❤
Comment:
Price closed below that price too. Last support around 23.3K.
Comment:
23.3K support is broken and price is trading below it. If price doens`t manage to close above that zone, BTC might see 22K zone.
Comment:
It did see 22K.
Price has to close below it to continue going down.