Watch out for that reversed cup and handle formation. If this pattern confirms, price can go to about 4 K.
I hope support will hold and we will see nice push to the upside.
I hope support will hold and we will see nice push to the upside.
Note
4H price candle crossed support line, keep an eye on it when it closes. If price will close above support line, its good for bitcoin and alts, if we see long red candle, next support at 6k.Trade closed manually
price action extened for a long time, and basicaly just went sideways. Will do new analysis later, for now it just keeps correcting...it can go to 7200 area.
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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.