BTC Possible Short-Term Scenario (Long)
Sharing my view on the BTC short-term scenario.
Main idea here is to find confluence of the resistance levels using different technicals.
Main idea here is to find confluence of the resistance levels using different technicals.
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A sneak peek at 15 min:
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The last update has not played out as expected, as the BTC dropped out of the channel to pin and bounce from 60.000-59.000 area.Note
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A quick take at BTC 15MIN - Bearish Pennant suggests the coin will correct here a tiny bit.
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possibly the price may unfold as depicted above: the price has broken out from the parallel channel / bull flag on a daily. It may be anticipated the price will retest the same channel upper band around 65000 - 64500. Note
BTC has retested 65000 to proceed further as I expected:
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Trade active
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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.