BTCUSD 3-6 Months pricetarget
Hello,
What goes up, needs to come down aswell...
After breaking the 6K level last week Bitcoin is looking for a solid support and new liquidity.
An expected breakdown based on my previous analysis on the BTCUSD daily (see below).
What I expect during the coming weeks to come:
Exponential sell-off(s); This is needed in order to form a bottom (yellow bars)
This will drive down the price heavily and drive up (DMI-)
This idea supports the formation and continuation of the new ADX 'trend'.
Support and price target @ 200weekly MA: 3 000$
Im looking forward to your feedback,
Best,
Bavo
What goes up, needs to come down aswell...
After breaking the 6K level last week Bitcoin is looking for a solid support and new liquidity.
An expected breakdown based on my previous analysis on the BTCUSD daily (see below).
What I expect during the coming weeks to come:
Exponential sell-off(s); This is needed in order to form a bottom (yellow bars)
This will drive down the price heavily and drive up (DMI-)
This idea supports the formation and continuation of the new ADX 'trend'.
Support and price target @ 200weekly MA: 3 000$
Im looking forward to your feedback,
Best,
Bavo
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.