BTCUSDT : potential bearish pattern
Hello everyone
Before we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it!
BTCUSDT :
Bitcoin is printing a bearish ABC pattern, at the same time, the price reaches the upper line of the potential parallel channel.
I determine the most probable price and time reversal zone.
I used the time projection of wave A to estimate the end of wave C. Also, I used Fibonacci projection of wave A to determine the probable price reversal zone.
Let's look at USDT dominance chart to find out investors inclination to change their coins to USDT, and vice versa.
the price reaches a very important support zone, at the same time, it reaches the lower line of the potential channel.
Conclusion:
Bitcoin reaches a very important situation. These reasons produce higher level of risk for buyers. we have more evidence for bearish wave of BTC price.
Before we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it!
BTCUSDT :
Bitcoin is printing a bearish ABC pattern, at the same time, the price reaches the upper line of the potential parallel channel.
I determine the most probable price and time reversal zone.
I used the time projection of wave A to estimate the end of wave C. Also, I used Fibonacci projection of wave A to determine the probable price reversal zone.
Let's look at USDT dominance chart to find out investors inclination to change their coins to USDT, and vice versa.
the price reaches a very important support zone, at the same time, it reaches the lower line of the potential channel.
Conclusion:
Bitcoin reaches a very important situation. These reasons produce higher level of risk for buyers. we have more evidence for bearish wave of BTC price.
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