As you can see the Bitcoin chart shows a strong downtrend from the price at $69,000. We're now in a strong support zone at $43,000 and we may see a bounce upside because of the weekly support zone.
The other scenario which could be possible is the support zone at $31,000.
The weekly chart shows also a double-top pattern, so don't be surprised if the price goes...
Bitcoin broke the resistance at 40k, but as you can see we have another resistance with the trendline. If the trendline stills hold, we may see Bitcoin going at 30k again.
Bitcoin is on a downtrend and the next target according to my analysis is near the $30,000.
We have a major support zone there and also downtrend flag pattern that is holding still.
This is just my analysis.
Major support rejected and now we're heading to a bullish trend.
The take profit target is the trendline.
And we have a double bottom pattern forming on H4 too.
Longterm position for EUR/JPY.
This will take some days but the main target in my analysis will be reached because of Support on H4 and Daily Timeframe which is holding with Trendline too.
Resistance not broken on H1 and there's an ascending channel on H1 but this most likely will be broken.
Also, we can see a Double Top forming after the retrace and this pair may go down for another 400-500 pips
We can see a Double Top forming on the H4 timeframe if it doesn't break the Resistance.
The daily timeframe is also a Double Top most obviously scenario.
