BTC has bounced off of two support lines at 7.5k and is being pulled toward three lines of resistance at 9.5K.
Impact will be around the first of April.
BTC will hit 9.5k and fall back to strong support, around 7.5 or 8k.
What do you think?
Note
Here is the 4H. We can see price action riding along the resistance of the trend line. Target is 9398.
Note
On the 4H we can see an ascending supportive trend developing. It is headed straight for the center of a tri-res convergence. BTC will need to push through three layers of resistance to sustain levels above 9500. It will most likely retreat to find support and advance again to overcome one layer of resistance at a time.
Note
This is what we are seeing based on the previous pattern.
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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.