Forwarded from WCSE Premium
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#BTCUDT
#Market update
Price still maintain the triangle formation. Looking closely on smaller timeframe we had a bear flag which break down already hitting 61.8% of its move and this level is good enough for potential bounce.
Something to note is a daily candle closing back inside the triangle, this make the bottom trendline stronger with next target will be the top side of triangle towards 9350$.
With this present trading pattern i anticipated a potential Bearish view with harmonic pattern which will likely take the price off the triangle towards 10k zone before major correction.
‼️We should always focus more on the bottom trendline, any time this break it show the great opportunity for the shorter and target will likely be 8500$ level and below.
https://www.tradingview.com/x/ofrlPpJV/
#BTCUDT
#Market update
Price still maintain the triangle formation. Looking closely on smaller timeframe we had a bear flag which break down already hitting 61.8% of its move and this level is good enough for potential bounce.
Something to note is a daily candle closing back inside the triangle, this make the bottom trendline stronger with next target will be the top side of triangle towards 9350$.
With this present trading pattern i anticipated a potential Bearish view with harmonic pattern which will likely take the price off the triangle towards 10k zone before major correction.
‼️We should always focus more on the bottom trendline, any time this break it show the great opportunity for the shorter and target will likely be 8500$ level and below.
https://www.tradingview.com/x/ofrlPpJV/