Bitcoin Analyze (Timeframe 8H,10/27/2022)!!!

27. Okt. 2022

Bitcoin has reached an important resistance zone (Fibonacci clusters, resistance lines + SMA 100(Daily TF)) after the upward movement of the Sharpe during the past few days (which led to the breaking of the trend lines and resistance zones).

Also, during the last 24 hours, it seems to have formed a Three Black Crows Pattern, which is considered one of the bearish reversals Candlestick Pattern.

I expect Bitcoin to break down to at least the previous support zone and even the trend lines during the next hour.

Bitcoin Analyze ( BTCUSDT ), Timeframe 8H⏰.

Do not forget to put Stop loss for your positions (For every position that you want to open).

Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.

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28. Okt. 2022

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