I know everyone is bullish BTC and miners here, but the charts still don't look great even after the bounce.
I think what's most likely from here is that we sweep the lows before getting a sustained trend higher.
We're rejecting off resistance here at $12. I think this is likely to lead to a strong move to the downside. We have a ton of gaps to fill from the move up, and supports haven't been retested from the initial leg up in February.
Most likely scenario is to find support in that $6.69- $7 region and then I think we'll likely see a positive reaction after earnings next week.
Lots of risk over the coming days IMO. Bid lower supports and then we'll see how high we can go to the upside after.
I think what's most likely from here is that we sweep the lows before getting a sustained trend higher.
We're rejecting off resistance here at $12. I think this is likely to lead to a strong move to the downside. We have a ton of gaps to fill from the move up, and supports haven't been retested from the initial leg up in February.
Most likely scenario is to find support in that $6.69- $7 region and then I think we'll likely see a positive reaction after earnings next week.
Lots of risk over the coming days IMO. Bid lower supports and then we'll see how high we can go to the upside after.
Nota
Welp... more downside to come.Nota
Now that we have tagged the lower supports. This should be a good guide for upside.
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.