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It seems like it is currently forming a bullish flag consolidation pattern. Let's see if the price can pullback to test the level once more to complete the pattern. A next leg higher is expected after the consolidation phase is done! These are the questions that I am now getting very often If Bitcoin will retrace, how far can it go?
The potential targets we look at are based on the timeframe we are reading Even though we have a very strong bearish candle today, with really high volume Hey guys. If we hit the bottom or top of this symmetrical triangle, with volume backing it up. If we go up however. Especially because it Few things that indicate BTC is looking to make a trend down to critical support zones. December 12th marked when we had closed above 20EMA.
After that we can see a huge bullish trend following. We can expect the reversal for that now. Elliott wave completion followed by correction wave. It is possible we are making Hi friends, hope you are well and welcome to the Bitcoin.
A big Butterfly move completed: Previously I posted an idea that on the monthly chart, the price action of Bitcoin is completing a bearish Butterfly pattern, and finally, the priceline has completed the final leg of this pattern and entered the potential reversal zone. Now the priceline is even moved Videos only. From monday fall was points which was warned by me? BTC- Could see a rise in the next few hours. Will Bitcoin Retrace?
If Yes, By How Much? BTC Looks Weak! Is this a start of correction rally. Show more ideas. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of Bitcoins is carried out collectively by the network.
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