BTC Brakeout targets
Updated
Let's see what Monday brings to us.
Let's see if the bears are tired and want to take a sleep this winter.
I think that optimism will drive this further, hope is dictating the price, and day by day the fear and greed index is confirming that. Technicals are not to underastimate but not as valid as they usualy are. Disbelief phase should be left behind in the coming weeks. The bear mentality should really be a deal with the bulls rather than the battle it was made into. Why don't we conquer higher levels together, instead of wishing the others to get rekt? There is a way for this to play out profitable for everybody, both scalpers and swingers, hodlers and daredevils, just to make a simple agreement.
I have 2 triangle patterns in play and both of them will be confirmed to the upside if the price closes above 19400usd. 21-22k is what we will be seing next week if we playout to the upside.
If by any chance we close 2 consecutive candles below 18600, it's a confirmed brakeout to in between 17.000 to 15.500.
Not financial advice.
Like, comments appreciated!
Let's see if the bears are tired and want to take a sleep this winter.
I think that optimism will drive this further, hope is dictating the price, and day by day the fear and greed index is confirming that. Technicals are not to underastimate but not as valid as they usualy are. Disbelief phase should be left behind in the coming weeks. The bear mentality should really be a deal with the bulls rather than the battle it was made into. Why don't we conquer higher levels together, instead of wishing the others to get rekt? There is a way for this to play out profitable for everybody, both scalpers and swingers, hodlers and daredevils, just to make a simple agreement.
I have 2 triangle patterns in play and both of them will be confirmed to the upside if the price closes above 19400usd. 21-22k is what we will be seing next week if we playout to the upside.
If by any chance we close 2 consecutive candles below 18600, it's a confirmed brakeout to in between 17.000 to 15.500.
Not financial advice.
Like, comments appreciated!
Note
The price is consolidating on the edge of the chanel we formed at the beginning of October/greenline/. We will maybe bounce off that, which would then send us probably to the middle point of the channel 20100-20200. If we continue the dump, we will be seing 17200 in no time/next red line/Trade closed: target reached
Well, hope you are following up on me guys. This magic channel is really something I tell you.
Related publications
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.