Hi everyone,
BTC still remains within the main bearish channel marked in blue. Fortunately we are seeing a small uptrend, marked in green, as we approach the upside of the main bearish channel. I think we will begin to see heavy resistance beginning at 11,800 due to the 1 fib level in grey. Past this point we approach the main downtrend channel, which will also provide heavy resistance. I expect a test within the red box and short pull back to the .76 fib level marked in blue. If this support fails, I expect a strong bounce off the .61 fib level just below marked in green, then another test at the main downtrend channel. If we break this downtrend channel I expect 13,000 to be the first target marked by a dashed green line.
This is my 4th TA, I am not recommending trading advice.
Hope to see a break through!
BTC still remains within the main bearish channel marked in blue. Fortunately we are seeing a small uptrend, marked in green, as we approach the upside of the main bearish channel. I think we will begin to see heavy resistance beginning at 11,800 due to the 1 fib level in grey. Past this point we approach the main downtrend channel, which will also provide heavy resistance. I expect a test within the red box and short pull back to the .76 fib level marked in blue. If this support fails, I expect a strong bounce off the .61 fib level just below marked in green, then another test at the main downtrend channel. If we break this downtrend channel I expect 13,000 to be the first target marked by a dashed green line.
This is my 4th TA, I am not recommending trading advice.
Hope to see a break through!
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When making this post my main downtrend channel lines were moved before I zoomed into to further my TA. I am canceling this TA.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.