what's up trader here is a new analysis for bitcoin :
since 12/06 the price break below support area (6600) and make a new bottom at (5800) after that the price moves up to retest the broken support and successfully closed above it wich gives an idea that the previous break out was fake ( bear trap )
now btc showing signs of reversal pattern ( h@s ) the price touch neckline and what expected ( the price needs to go down to form the right shoulder) if the pattern complete we will confirm the end down trend and wave 4 and bitcoin will start a new bull run
be careful and good luck
since 12/06 the price break below support area (6600) and make a new bottom at (5800) after that the price moves up to retest the broken support and successfully closed above it wich gives an idea that the previous break out was fake ( bear trap )
now btc showing signs of reversal pattern ( h@s ) the price touch neckline and what expected ( the price needs to go down to form the right shoulder) if the pattern complete we will confirm the end down trend and wave 4 and bitcoin will start a new bull run
be careful and good luck
the price needs to break the upper line of the descending channel
be careful and good luck