BTC breaks down out of channel
Failed to break back in and confirmed bearish trend triggering my remaining stops. A few pundits went 'bullish' which is often the trigger for
- Target 1 is a bounce off 9k (target $9,090 / 38% FIB) - if it makes it this deep now, for me this is a low risk buy.
- Target 2 is the $8,500 target and a bounce of the 200MA / EMA / 50% FIB - healthier retracement may spur BTC through the 11k ceiling.
- Target 3 is potential 'double-top' run up to the base of the bullish channel. BTC could break-through of course as to-date the run has been pretty bullish.
It could go up from here but it failed to reclaim 10k so expecting a further drop.
Best, Hard 'regression' Forky
- Target 1 is a bounce off 9k (target $9,090 / 38% FIB) - if it makes it this deep now, for me this is a low risk buy.
- Target 2 is the $8,500 target and a bounce of the 200MA / EMA / 50% FIB - healthier retracement may spur BTC through the 11k ceiling.
- Target 3 is potential 'double-top' run up to the base of the bullish channel. BTC could break-through of course as to-date the run has been pretty bullish.
It could go up from here but it failed to reclaim 10k so expecting a further drop.
Best, Hard 'regression' Forky
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.