the current correction seems to draw the right shoulder perfectly.
shorters are posting apocaliptic TA's but btc is not going to to drop to 3-4k ... at least not in the next few days. still has some space to struggle between the top of the downtrend channel and the strong support line.
for now we are following the scenario from the end of feb (26-28 feb). i guess we wil not go lower then 8.4k
comments like ... "anybody can draw some lines" and "TV is full of H&S" are welcome ... just hit the Like button :))
shorters are posting apocaliptic TA's but btc is not going to to drop to 3-4k ... at least not in the next few days. still has some space to struggle between the top of the downtrend channel and the strong support line.
for now we are following the scenario from the end of feb (26-28 feb). i guess we wil not go lower then 8.4k
comments like ... "anybody can draw some lines" and "TV is full of H&S" are welcome ... just hit the Like button :))
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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.