Bitcoin | Expanding Triangle & Crucial Support..!!

4 Jun 2020

#BTC (Update)


In Shorter Timeframe, Bitcoin Forming Expanding triangle Pattern...!!

3 Days ago, Bitcoin tested the 10.4k Resistance (Higher High) but Rejected it.

At the Moment, Holding the Crucial Support (9.3k) But Big Move Ahead.

Now There Are Two Possible Scenarios..

1- If Bulls lost the Support, Bitcoin might form Another Low (Might test 8k Area)

2- In Bullish Case, If Bulls Held the Support & Bounced Back 📈 , It Might Test the 10.6k Area (Major Resistance)


Be Ready for Both Bearish & Bullish Scenarios..📌



In Weekly Chart, Printing 9th TD Bearish Candle & Still Below the Major Downtrend Resistance 📉

If weekly Candle Closed Below trendline, Bitcoin Might Crash Again in Coming Days..!!

Another Weekly View...!!

Expecting Bearish Wave before Triangle Breakout... (6666 then 19191)

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Thanks for Your Love & Support..!