BTC drop to 8600-8400 range first is more likely (but price could start moving off here too).
BTC then still has heavy upper resistance to break at the 8800-9000 region.
Note: I've been maintaining very accurate predictions for the most part.
I however do not post on TradingView very often again.
Recently I've been posing my TA/Charts on Twitter: AndrewEDavis
BTC then still has heavy upper resistance to break at the 8800-9000 region.
Note: I've been maintaining very accurate predictions for the most part.
I however do not post on TradingView very often again.
Recently I've been posing my TA/Charts on Twitter: AndrewEDavis
Nota
#Bitcoin is still moving on track with my targets.Right now we are in my buy target zone (potential for another small subwave down).
Strong support still exists between 8400-8200 ranges.
I should also point out this potential Bearish count, where we are in a big Bull Flag and could hit ~7900 if we break below 8200.
I currently lean towards my Bullish scenario.
Nota
Bitcoin - If we are able to make the jump here soon, please be aware of this first line of upper resistance around the 8625 area (55 EMA). Depending on the volume/velocity we get approaching this point, we could either break right through (high vol), stall or reverse (weak vol).(I may be away for a bit now.
Just sharing these quick thoughts to aid your decisions at this point.
It is still a risky zone with no clearly decisive direction.)
Nota
At the moment Bitcoin seems about 50/50 chance to break either direction, I believe the next move depends more on who is willing/able to apply more pressure between the Bears and Bulls. We are moving sideways for a while because we are tightly between major channel support and 55 EMA resistance.
Nota
Article posted: 24 mins agoJust the type of "push" it takes sometimes to change trend on a 50/50 point.
US Court Indicts Founders of Crypto Company for Fraudulent Scheme
news.bitcoin.com/us-court-indicts-founders-of-crypto-company-for-fraudulent-scheme/
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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.