Bitcoin
Long
Updated

BTCUSD: possibilities for weekly chart

5 821
Traders,

There is a wkly red trend line that supporting BTCUSD up from 6k, meaning 6k is a really important support zone for BTCUSD.

No one knows can BTC back to 20k again, or higher than 20k. Technically that is possible, becoz the wkly chart is showing us a correction , and only is the first huge correction,70% pulldown.The deeper price it go the higher price could be expected.

11000-13550-16000-19000 for BTCUSD to challenge step by step.

Less is more!
Note
snapshot
Note
another possibile way for BTC TO GO.
Note
The truth is that no one can profit from a whole trend.
Smart traders know how to profit part of it.
Note
BTCUSD: up to 16K later with the broken daily trend line
Note
The first line was hit once.
Note
snapshot

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.