🔥 Bitcoin's Failed Break Out: Where To Next?
A couple of days ago I made an analysis on BTC where I argued that we'd likely see some kind of bounce because BTC was holding up well while the stock market dumped.
My target back then was $20,000, which was the starting region of a strong area of resistance, see blue.
In the last part of today we saw a massive dump in the stock markets, so it was expected that BTC would also show some bearishness. However, I didn't anticipate a 7% fall in a matter of 3 hours.
In my view, BTC will retest the lower bound of the purple pattern, $18,400. If this area fails to hold we might see a new capitulation occur. Be prepared for all scenario's.
My target back then was $20,000, which was the starting region of a strong area of resistance, see blue.
In the last part of today we saw a massive dump in the stock markets, so it was expected that BTC would also show some bearishness. However, I didn't anticipate a 7% fall in a matter of 3 hours.
In my view, BTC will retest the lower bound of the purple pattern, $18,400. If this area fails to hold we might see a new capitulation occur. Be prepared for all scenario's.
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
İlgili yayınlar
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.