Bitcoin perfectly bounced at the bottom of the triangle. Now moving towards the yellow trendline. If we see a breakout at this area target is going to be 20000, if not retest of previous support levels. MACD looking bullish for now.
Note
Again bounce for now. Lets hope for double bottom.Note
Imo there are now two options. Either we break through that cloud, which is not very likely to be honest or we retest the overall uptrend line. From there on we hopefully get a nice bounce if not its looking really bad for Bitcoin.
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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.