(Noob trader here with my first analysis)
If BTC consolidates above the descending daily triangle, then I believe that we are likely to see another small pump to retest 8300 (which I think will fail).
If BTC breaks the bullish support line, then I think another massive dump to the 5600 support will occur.
-I think this is the most likely scenario to occur since the past several daily candles have been bearish.
If BTC consolidates above the descending daily triangle, then I believe that we are likely to see another small pump to retest 8300 (which I think will fail).
If BTC breaks the bullish support line, then I think another massive dump to the 5600 support will occur.
-I think this is the most likely scenario to occur since the past several daily candles have been bearish.
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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.