Bitcoin still try to break fibonacci 1.272 resistance at 4100, If this level break up, there is another strong resistance for bitcoin.
1. Double top pattern (black line)
This level from February 23th high, and bitcoin need a big volume to break up 4160.
2. Bullish flag projection (purple)
we publish bullish flag pattern with projection at 4160 (3 days ago), this level also become new resistance from bullish flag pattern.
3. bearish 3 drives pattern (red)
If bitcoin reach 4160, it will complete bearish 3 drives pattern with perfect ratio : .618 > 1.618 > .618 > 1.618 > .618
Bearish from this point will be very strong with target at 3860
Note :
*Next update will post as private analysis for our client only (intraday setup).
Unless we reach 200 like in this analysis, we will share all bitcoin update as public idea
1. Double top pattern (black line)
This level from February 23th high, and bitcoin need a big volume to break up 4160.
2. Bullish flag projection (purple)
we publish bullish flag pattern with projection at 4160 (3 days ago), this level also become new resistance from bullish flag pattern.
3. bearish 3 drives pattern (red)
If bitcoin reach 4160, it will complete bearish 3 drives pattern with perfect ratio : .618 > 1.618 > .618 > 1.618 > .618
Bearish from this point will be very strong with target at 3860
Note :
*Next update will post as private analysis for our client only (intraday setup).
Unless we reach 200 like in this analysis, we will share all bitcoin update as public idea