A quite nervous and volatile consolidation is taking place with Bitcoin, we are sitting on the edge of the trendline of this symmetrical triangle.
Bullish scenario
A break on the upsite will see at least 3 steps up with targets at 12600, 15900 and 20,500
A strong momentum and very solid volume is definetely needed to confirm the bull continuation considering the recent uncertainty. Trade carefully .
Beaish scenario
A break on the downside will lead to an impulsive momentum on the downside.
2 targets are expected looking at fibonacci and previous support areas: 5100 and 3000 dollars
Overall indicators are sitting in oversold territory in lower timeframes so a quick bounce on the upside is quite likely before estabilishing o a direction given by the pattern breakout.
Trade Safe
Bullish scenario
A break on the upsite will see at least 3 steps up with targets at 12600, 15900 and 20,500
A strong momentum and very solid volume is definetely needed to confirm the bull continuation considering the recent uncertainty. Trade carefully .
Beaish scenario
A break on the downside will lead to an impulsive momentum on the downside.
2 targets are expected looking at fibonacci and previous support areas: 5100 and 3000 dollars
Overall indicators are sitting in oversold territory in lower timeframes so a quick bounce on the upside is quite likely before estabilishing o a direction given by the pattern breakout.
Trade Safe
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.