- Possible Double Bottom on the BTC chart to reverse the downtrend we've had since December.
- Troughs around the ≈ 5800-6150 area and peak at ≈8480.
- Keeping an eye on the forming 2nd trough's volume (There should be clear evidence that volume and buying pressure accelerates through it). The Pattern is
completed when breaking the 8480 Peak Resistance ( should be joined with an increase in volume for reliability).
- Objectives: Conservative≈10296 (Paying close attention to the key monthly resistance level on this area), Aggressive≈11166.
- Troughs around the ≈ 5800-6150 area and peak at ≈8480.
- Keeping an eye on the forming 2nd trough's volume (There should be clear evidence that volume and buying pressure accelerates through it). The Pattern is
completed when breaking the 8480 Peak Resistance ( should be joined with an increase in volume for reliability).
- Objectives: Conservative≈10296 (Paying close attention to the key monthly resistance level on this area), Aggressive≈11166.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.