Currently we are at a most hold level IMO at 10650 on BTC in order for the C&H pattern to be a possibility. This current 4 hour candle needs to close above 10650 and stay above that trend line coming off the daily support all the way from the 6k level back in February! RSI indicators are OS and bearish volume is dissipating so this is definitely feasible and not out of the realm of possibility. The bulls will have a grinding road ahead likely and wont bounce too fast imo. Otherwise, if the trendline support fails, we will likely head into a daily Equilibrium pattern btw 11.7k and 9.2k.
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.
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.