If 67k is lost and not reclaimed, Bitcoin may target a drop down to ~63k and then 60-61k (around 60.6k).
This relates to a couple of other charts previously posted:
A smaller double-top on the 4 hour chart that is already confirmed and hit TP 1, which is likely headed towards TP 2:
A daily chart that is targeting 73-75k if it can hold 60k:
This relates to a couple of other charts previously posted:
A smaller double-top on the 4 hour chart that is already confirmed and hit TP 1, which is likely headed towards TP 2:
A daily chart that is targeting 73-75k if it can hold 60k:
Giao dịch đang hoạt động:
Update, broke below the neckline at ~67.2k but is presently seeing a pullback above it. Lose it again and remain below to confirm the bearish 8h TF pattern. Remain above the neck to invalidate it:
Giao dịch đang hoạt động:
Note that DXY has already done the "same" (negatively correlated) with its double-bottom on the 8h TF.
It already saw a pullback after breaking above the neck, it fell below. It has since broken back above the neckline. This may indicate that Bitcoin will do the same (opposite) and break below its neckline confirming its 8h TF double-top:
It already saw a pullback after breaking above the neck, it fell below. It has since broken back above the neckline. This may indicate that Bitcoin will do the same (opposite) and break below its neckline confirming its 8h TF double-top:
Giao dịch đang hoạt động:
Here's a side-by-side of DXY vs Bitcoin showing the correlation described above, BTC chart is drawn slightly differently than above so targets aren't exactly the same, but close:
Giao dịch đang hoạt động:
Approaching first target:
Giao dịch đang hoạt động:
1st target reached:
Đóng lệnh: đạt mục tiêu:
All targets reached, closing trade:
