Decodingthemarket

#Bitcoin Three Peaks and Fall Pattern

INDEX:BTCUSD   Bitcoin
The last battle between Bulls and Bears before Judgment Day.
1-Bitcoin price broke below the major rising trend line failing to break above it to continue the uptrend twice and now is re tasting the recent lows (Green Box #1)
2-If in the coming's days Bitcoin price break below 45,700 K price will be now below 200 MA (Blue Line) and will may expect a continuation to the downside and reach Level #2 (Green Box#2) 40K
3- Only if, if price break below the level #2 we will experiencing the possibility to retest level #3 at 30K when we saw the Wyckoff Model developed

Bitcoin at the edge to hold the Bull run or break it to continue a long correction about 3 months
yes... I know what you are thinking! 1,2,3, again? yes... but now will be to continue the uptrend with a huge, large adoption by institutions
Large institution wants to buy Bitcoin in a better price

This is My Own TA about the Three Peaks and the Fall Pattern

NOTE: Price Levels is Only a Visual Representation how Price May Move in the Near Future
with Unknown Specific Time Frame Depending on the Speed of the Price and Variables of the market
NFA
PLEASE, DYOR/MYOD!!

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