BITCOIN | Potential XABCD Pattern
SCENARIO A: If Bitcoin breaks out above of the symmetrical triangle on the 4H chart, it could form a potential XABCD pattern . If it does, we could see strong pullback from point D.
SCENARIO B: If Bitcoin breaks out below of the symmetrical triangle on the 4H chart, it will see a Fibonacci retracement to level 0.618 where the bullish trendline has been holding since 18 October 2020.
SCENARIO B: If Bitcoin breaks out below of the symmetrical triangle on the 4H chart, it will see a Fibonacci retracement to level 0.618 where the bullish trendline has been holding since 18 October 2020.
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