BTC TA
Seeing descending triangle now on a daily chart. Also i think ABC correction is also done (unless price action break the thick resistance around 4100-4200 with a solid vol burst)
More likely, it will try touching 3800-3900 range and then fall down again. I personally think that if it is breaking 3500-3600 Support, it may fall down up to 3000-3100 to form a double bottom and confirm that support.
Two scenarios.
(1) Consolidate around 3600-3700 range, break the resistance around 4100-4200 with a solid vol burst and start uptrend. (Less likely at this point)
(2) Try breaking testing the resistance around 3800-3900, come down to test the support at 3500-3600 and if that does not hold, fall down till 3000 USD.
More likely, it will try touching 3800-3900 range and then fall down again. I personally think that if it is breaking 3500-3600 Support, it may fall down up to 3000-3100 to form a double bottom and confirm that support.
Two scenarios.
(1) Consolidate around 3600-3700 range, break the resistance around 4100-4200 with a solid vol burst and start uptrend. (Less likely at this point)
(2) Try breaking testing the resistance around 3800-3900, come down to test the support at 3500-3600 and if that does not hold, fall down till 3000 USD.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.