I recently posted that BTCUSD was stuck in consolidation, where breaking above the resistance would indicated a new bullish trend and a break below would indicate a continuation of the current bearish trend. Here we continued the current bearish trend and how now given way to the two targets identified on the chart.
Note
Note
BTCUSD Traders,Don't get your hopes up. Model predicts HEAVY mathematical and technical resistance at previous support. However you choose to trade this scenario just be aware of what can and most likely will happen. Model still pointing to 2624.3.
Best of luck.
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.
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.