Technical analysis by charleschinche66364 about Symbol BTC: Buy recommendation (5/9/2023)
charleschinche66364

Bitcoin BTC - 4 hour candle four hour candle is printing. a bullish harami, hammer, and piercing / possible bullish engulf within the last 5 candle sticks. to me this signals a possible reversal although everyone is wanting btc to fall to 25k i dont believe this will happen just based on the fact that everyone is hoping for a 25k drop and every elliot wave pattern technical analyst sees the same thing. i think it will suprise people and bounce from 27200-27400 area to at least 28300 short term to possbile break out at 29300 and move towards 30k+.Comment: i say 28300 due to the facct that the previous symeterial triangle trend line was drawn there. it is possible that we go to 28300 to complete a 4th wave and the finish off 25k to create a 5th wave (i personally dont think its likely at least not yet).