BTC in Range Still - Pullback Happened Already
Updated
So I did this chart before that larger hourly down candle but didn't publish it.
BTC is still looking great for a long. I see it remaining in this range for some time while order build, then push to the upside.
It's very volatile of course, so it's likely to make some aggressive moves to the upside and downside before the larger move up.
I think we'll see a dip down to 37,000 ish on the lower end, then maybe even a final dip down to 35,000 before moving up. Long term hold!
BTC is still looking great for a long. I see it remaining in this range for some time while order build, then push to the upside.
It's very volatile of course, so it's likely to make some aggressive moves to the upside and downside before the larger move up.
I think we'll see a dip down to 37,000 ish on the lower end, then maybe even a final dip down to 35,000 before moving up. Long term hold!
Note
Looks like things are still following suit, we have a massive downward move of 5% in just 5 minutes and plenty of panic. Always look at the longer time frames and define your ranges!Note
It fell a little more than I expected, down to 33,500 rather than 35,000. I think this is where we will see big buying pressure from bigger institutions and retail investors. The FUD is definitely dying down, now we can let the real fundamentals get to work.
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.