As I explain in previous analysis, we have a lot of bullish pattern in progress at bitcoin, but today we found a bearish pattern.
We have strong bearish resistance trendline that perform since December 01st, and this resistance break up at february 23th. We mark this break with green box, and it look like a false break (in daily timeframe), if we ignore that candle, we have a strong resistance around 3921-3991
If bitcoin cannot break up this resistance, a medium strong dump at bitcoin will happen with target at 3376 (549.69 point / -14%) with maximum target at 3132 (-789.11 point / -21%)
note : 3990 become key level. If this level break up, bullish will continue
thanks for your analysis, i will like to share my view here, I see price heading more up to complete the big wave 4 upside before we face down for completed drop bottom.
Safe_Signal
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Please take a look at our idea and let us know what you think!
Namah-Te
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WBM_Team
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Many said BTC is dead. There were all wrong.
AlanSantana
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TOP 10 STRONG ALTCOINS for LONG TERM BULLISH POTENTIAL
seekdotglobal
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Look at that .618 Fib lvl
TradingShot
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This is the first time I see you going short. On the short term you are probably right with this one. On the long term though we are at the bottom.
Namah-Te
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Coinamic
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Yup agree, the price is looking to break the current support.