BTC on Roof Pattern, can it break up or down? 6400 or 20500.

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Hello,

This is my view, I dnot want to scare anyone, but this is what I see on the chart. So get ready for anything.

It is called as Roof Pattern, read more here.

thepatternsite.com/roof.html

It can break up or down, when it breaks get ready.

Targets are 6400 or 20500.

Comments?

ノート

So we broke downside. Buy range would be 6500-8500. it will take a pause at 11700, 9200, 7500.

It is very hard to get the last level, dnot try bottom fishing.

ノート

Remember, this fall is healthy for next year. 2900 --> 20000, almost 6.5 x.

Ex: 7500 x 6.5 x = 48000? is the next target for BTC?

ノート

ノート

I see the price is recovering from the support.

Still, the Roof pattern holds good. Price has to break it decisively.

ノート

An old descending triangle is broken and the new ascending channel is on the way.

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within the pattern and heading towards the support. It is going to be 4th time test.

ノート

we are heading to 20k

ノート

Here is the update

We broke the roof top pattern and formed a downtrend channel. Price is following into the channel. But there is a strong support at the demand zone. As long as support holds the demand zone, we can buy there and sell on top.

1) Price on trendline
2) Forming a symmetric triangle pattern which can breakout soon.
3) Price is above the support.