Hello guys , am about to share with you guys my view on BTCUSD
i Believe we are in a critical situation here that could determine the fate of btc market
We have a long falling trendline since NOV 2021 on a weekly T.F
the price respected this trendline 3 times
since the March 2022 crash we Have BTCUSD on the final fib level
and we have BTCUSD above the final moving average the 200 SMA
IF BTC rejects from TRENDLINE : its also going to break the FIB LEVEL AND THE 200SMA which is gonna trigger a BEARISH MOVE TO 10K - 14K
IF BTC BREAKS THE TRENDLINE : Could trigger a Bullish Correction to 22k (market still bearish)
this is just an opinion not financial advice
i Believe we are in a critical situation here that could determine the fate of btc market
We have a long falling trendline since NOV 2021 on a weekly T.F
the price respected this trendline 3 times
since the March 2022 crash we Have BTCUSD on the final fib level
and we have BTCUSD above the final moving average the 200 SMA
IF BTC rejects from TRENDLINE : its also going to break the FIB LEVEL AND THE 200SMA which is gonna trigger a BEARISH MOVE TO 10K - 14K
IF BTC BREAKS THE TRENDLINE : Could trigger a Bullish Correction to 22k (market still bearish)
this is just an opinion not financial advice
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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.