I believe we might see $3500, $3000 or maybe even below $2900 however, the more we fall the harder will be to regain confidence. I could also notice that a few altcoins are getting stronger against BTC and it could cause a swap in the top 1 ranking for good.
This chart's idea is based solely on my Indicator that you can see below, called The Four Kings ( tradingview.com/script/KBctURJg-The-four-kings-RSI-Stoch-RSI-CCI-MACD-PrimeTrading/)
and also Fibonacci levels + historical support/resistance levels.
Pay attention to the Ichimoku conversion and base lines as it might suggest where the price will be tested.
I will be updating it if needed to. Please see my other idea posted back in Jan 2018 where I expected to see BTC reaching the $4000 area as a target.
Roof at $30244
Max bottom expected $2980
This chart's idea is based solely on my Indicator that you can see below, called The Four Kings ( tradingview.com/script/KBctURJg-The-four-kings-RSI-Stoch-RSI-CCI-MACD-PrimeTrading/)
and also Fibonacci levels + historical support/resistance levels.
Pay attention to the Ichimoku conversion and base lines as it might suggest where the price will be tested.
I will be updating it if needed to. Please see my other idea posted back in Jan 2018 where I expected to see BTC reaching the $4000 area as a target.
Roof at $30244
Max bottom expected $2980
Trade active
Longs could be filled from $3600- $3700 level giving us about 9% gain since BTC went up to $4040Note
*** H1 *** Timeframe to show what these lines can really do.If BTC breaks down the blue line we might see our entry levels again.
We need to break the yellow line with high volume.
Note
Profits ProfitsStory of 2 pink lines :) Enjoy guys!
2 PHOTOS below:
PHOTO 1
PHOTO 2
Note
Possible retracementNote
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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.