BTC failed to breakthrough the bear channel its been confined to for the past 2 years
- Watching for a retest of the 1st support level (yellow)
- Watching for 2nd drop to 5 year green trend line, with additional support at the 2nd yellow support line
- Both of these scenarios set up for a H&S pattern within the bear channel
- Watching for a retest of the channel a third time in 2-3 months give or take
Short Term (1 Month) - Short to 1st Level @ $8,700
- Short to 2nd Level @ $7,500
Long Term (3-5 Month) - Accumulate & Long at above mentioned levels anticipating third retest of Bear Channel for breakout, not a matter of IF but WHEN
- Watching for a retest of the 1st support level (yellow)
- Watching for 2nd drop to 5 year green trend line, with additional support at the 2nd yellow support line
- Both of these scenarios set up for a H&S pattern within the bear channel
- Watching for a retest of the channel a third time in 2-3 months give or take
Short Term (1 Month) - Short to 1st Level @ $8,700
- Short to 2nd Level @ $7,500
Long Term (3-5 Month) - Accumulate & Long at above mentioned levels anticipating third retest of Bear Channel for breakout, not a matter of IF but WHEN
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.