Bearish channel on a symmetry for Bitcoin
Bitcoin is on a channel down on the 1D chart. This is a mirror image of the channel up of January and mid February. Every lower high and lower low of the channel down is symmetrical to the higher high and higher low of the channel up.
At the same time the RSI is on an arc pattern, which further enhances this symmetry. If this pattern holds then Bitcoin may target 6870 next.
Please like and subscribe if you like this idea!
At the same time the RSI is on an arc pattern, which further enhances this symmetry. If this pattern holds then Bitcoin may target 6870 next.
Please like and subscribe if you like this idea!
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.