Theirs a good chance we will reverse soon, most likely around 9.6k - 9.9k zone. This reversal could determine if we are to break our 54-day negative regression and continue our 99-day regression upward.
Another possibility is we continue our 99-day triangle, reversing at 9.8k. Most likely not breaking till the end of this month or into early September.
A less possible outcome is we break our triangle support line dropping into the 8k zone.
Another possibility is we continue our 99-day triangle, reversing at 9.8k. Most likely not breaking till the end of this month or into early September.
A less possible outcome is we break our triangle support line dropping into the 8k zone.
Note
BTCUSD just broke the triangleNote
There is a high chance that we could continue our trend into the 8k zone.
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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.