Bitcoin Pulled Back Into Line
Updated
After that little anomaly it appears Bitcoin has been pulled back into line.
If nothing else, this chart can act as a warning as to what may happen when something veers way too far off track.
Will Bitcoin get out of line again?
Yes, most definately.
Just be aware of the potential consequences.
This trend line may change in the future, but the concept is something to be aware of.
If nothing else, this chart can act as a warning as to what may happen when something veers way too far off track.
Will Bitcoin get out of line again?
Yes, most definately.
Just be aware of the potential consequences.
This trend line may change in the future, but the concept is something to be aware of.
Note
This trend channel should also act as good indication as to where bottoms could be over the next several months.The tops are expected to break the channel as before.
Bitcoin is not expected to go any lower than around $7800, which is inside the channel.
Anyone who says it’s going to drop as low as 4K is full of horse sh*t.
If it does drop that low, I’ll eat my hat. (And buy some more Bitcoin.)
Note
-So much for 7800. Expect the unexpected.
Correction closed within channel. (At time of writing.)
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.