I mapped key support and resistance levels on this chart as a point of reference for the coming days.
At a higher timeframe I'm watching for the possibility of an expanding wedge, which could technically serve as a macro continuation pattern, but my confidence level isn't high yet and I'll examine lower timeframes and on-chain for supporting data. In the meantime, I'm hoping the upper $50k range will serve as the bottom in this pattern, although we could accommodate a drop to lower $50k range before I get concerned about the possibility of a local top for the cycle.
At a higher timeframe I'm watching for the possibility of an expanding wedge, which could technically serve as a macro continuation pattern, but my confidence level isn't high yet and I'll examine lower timeframes and on-chain for supporting data. In the meantime, I'm hoping the upper $50k range will serve as the bottom in this pattern, although we could accommodate a drop to lower $50k range before I get concerned about the possibility of a local top for the cycle.
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.