BTC/USD - Reached W pattern TP Target. #BTC
Updated
BITCOIN reached its W pattern take profit target.
expecting a pull back too retest the breakout to see a continuation too the upside. 40-48k which is where I predict we will see a reversal, based off previous price actions and cycle's.
Defiantly a danger zone where ill be paying close attention too!
*completely different macro environment with many variables.
*recession indicators signalling + combined with a potential inflow off new currency due to the current war's happening around the world.
Short term view looking to back test. 32 - 29k range which would indicate a bullish reversal if we see daily candle closes above. once reached.
possible wick down to the 28k zone. although BTC is in a strong position with the potential of the BITCOIN ETF getting passed.
Altcoins are waking up! exciting times ahead..
previous chart attached below... 13/04/2023
expecting a pull back too retest the breakout to see a continuation too the upside. 40-48k which is where I predict we will see a reversal, based off previous price actions and cycle's.
Defiantly a danger zone where ill be paying close attention too!
*completely different macro environment with many variables.
*recession indicators signalling + combined with a potential inflow off new currency due to the current war's happening around the world.
Short term view looking to back test. 32 - 29k range which would indicate a bullish reversal if we see daily candle closes above. once reached.
possible wick down to the 28k zone. although BTC is in a strong position with the potential of the BITCOIN ETF getting passed.
Altcoins are waking up! exciting times ahead..
previous chart attached below... 13/04/2023
Note
April 13 2023
Related publications
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.