BTC/USD possible rise to $30,000
Updated
Cryptocurrency Practice #1
Many confluences for this rise -
1. Wave 2 Psychology matches up, vicious sell-off occurred, news during wave 2 was bad and people thought of it as re-testing prior lows, wave 2 volume was lower than wave 1.
2. Weekly bear divergence died down.
3. Bounced off multi-year ATR lows.
4. Nearing CAM S4.
Waiting for confirmations for a bounce around 7k-6k.
Many confluences for this rise -
1. Wave 2 Psychology matches up, vicious sell-off occurred, news during wave 2 was bad and people thought of it as re-testing prior lows, wave 2 volume was lower than wave 1.
2. Weekly bear divergence died down.
3. Bounced off multi-year ATR lows.
4. Nearing CAM S4.
Waiting for confirmations for a bounce around 7k-6k.
Comment
Extremely close to breaking the long term trendlineTrade closed: target reached
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.