BTC so far on track, bounce back to 9-10k in a week or two

By crow1980

Updated

I put together this idea on BTC with long term trend lines and adjusted my line for high volatility. I first built this and have been mapping it for 2 weeks now, and so far fairly accurate. I'm not offering any suggestions here, simply what I feel is a possibility.

Note

I think BTC should hover around this 8100-8500 range through the weekend. If we drop below 8100 I'm sensing a quick rebound. The market sentiment is pretty strong and there are to many eager people who missed out at the last 7k consolidation that will want to get in around the mid to high 7's.

Note

Looks like it may loop down to test the yellow support line, but should fire back up quickly if it does. It's a strong trending support

crow1980

Also on:

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.