Short

Updated

BTC to 7000

I think BTC is forming a triangle and will head to 7k on it's next leg, based on the pattern seen so far and the bearish divergence on the 4h chart.

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snapshot

Bearish divergence I mentioned.

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Slight revision, I think that we actually will only hit $7400 this time going down.

snapshot

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Here's a look at BTC over the next few hours...

snapshot

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So far so good, reaching a key point right now to see whether BTC will bounce off the triangle edge or not and continue down into the abyss.

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snapshot

I'm expecting a small bounce, but that's about it.

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To about $8250.

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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.