Possible pathway, strong buy at 51.5k
Volume is declining, we have a fib .618 at 51.5k that is always a strong support. We also have a wedge forming that is looking weak, we also have a great strong trend line all the way from 29k that is crucial that we need to hold if the bull market should continue. The trend line has a intersection point at 51.5k right below the wedge, I would personally hold a tether bag and wait and see if we get dump. No financial advice. 51.5k is acting as a great entry before the last leg up in this bull market. 85k is a possibility if we could get a massive bounce of the 51.5k support. If not this bull market is over for this time and we will get a nice entry at the 15-20k area. May the charts show us the way.
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.