Yesterday in BTC we saw a clear rejection at the downward trendline resistance of 9200.
This lead us to re-test the original upward trend line which started in early Janruary at 8625.
Currently it looks like this trendline is breaking downward as well, which suggests that BTC may continue to drop to the 8200 level again.
Failure to hold 8200 will validate a H&S pattern, with targets below 7k....
This lead us to re-test the original upward trend line which started in early Janruary at 8625.
Currently it looks like this trendline is breaking downward as well, which suggests that BTC may continue to drop to the 8200 level again.
Failure to hold 8200 will validate a H&S pattern, with targets below 7k....
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.