BitcoinUpdated One Final Capitulation Ser? Or Upside Break?
Will we have one last capitulation candle over the next few days?
The target for the spill is just above the larger purple trendline for the ascending triangle (on higher time frames) making a drop to $39,140 to $37,700 area possible with a new ATH next year remaining likely.
Alternatively we may see an impulse to the upside to the $55,000 - $58,000 region with a possible pull afterwards to finalise an ABC.
The target for the spill is just above the larger purple trendline for the ascending triangle (on higher time frames) making a drop to $39,140 to $37,700 area possible with a new ATH next year remaining likely.
Alternatively we may see an impulse to the upside to the $55,000 - $58,000 region with a possible pull afterwards to finalise an ABC.
Note
Structure is looking like a falling wedge possible upside break soon?
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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.
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.