Vagabond1193
@bapbungbia
The downtrend for Bitcoin H4 has continued as the price has just established a new low. Lowering top and bottom structure + downward sloping price channel confirms the downtrend. However, at the present time, the falling wedge structure has formed, and this is a reversal chart pattern from decreasing to increasing. At the same time, the price action also creates a bullish Wolfe Wave pattern - when there is a 5th touch point. With such a chart structure and price behavior, Bitcoin H4 is likely to have a pullback or more. Because the downtrend is the main one, Bitcoin H4 is still inclined to wait to sell down from the resistance PPZ above. The idea of buying will be activated when the price is pushed higher, absorbing all the previous price push down. At that time, you can catch a retest later to buy.
0 reply
0 recast
0 reaction