We are now fighting at a level so crucial as to determine the future of bitcoin for months to come. Either we hold the orange line which represents a massive head-and-shoulders pattern on the weekly time frame or we cannonball all the way down to 30k.
Because this is such a crucial level, I believe we will fight to maintain it for just a bit longer.
This is the path I see as a likely path for bitcoin over the next couple days.
I think we'll go up to the next daily resistance zone, touch back on the 4-hour 21 ema and bounce further to the 200 ema, which also represents a 61.8 retracement for bitcoin's last downward impulse.
It is there I believe we will fail, begin falling exceptionally hard and the gargantuan high time-frame head-and-shoulders will finally, finally complete itself.
If you like my work and look forward to improving together, please like, subscribe and/or comment. Thank you!
Because this is such a crucial level, I believe we will fight to maintain it for just a bit longer.
This is the path I see as a likely path for bitcoin over the next couple days.
I think we'll go up to the next daily resistance zone, touch back on the 4-hour 21 ema and bounce further to the 200 ema, which also represents a 61.8 retracement for bitcoin's last downward impulse.
It is there I believe we will fail, begin falling exceptionally hard and the gargantuan high time-frame head-and-shoulders will finally, finally complete itself.
If you like my work and look forward to improving together, please like, subscribe and/or comment. Thank you!
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.