Hi fellow traders,
With all the doom and gloom recently, there seems to be a light at the end of tunnel (albeit a short one, perhaps) for BTCUSD and the whole crypto world in general. As we can see, there is a bullish cypher forming at the current trendline support level of 7300. We could see a correction up the the fib levels indicated in the chart. Best case scenario we could see a re-testing of the 10,000 level again!
Cheers, and don't bet the farm!
With all the doom and gloom recently, there seems to be a light at the end of tunnel (albeit a short one, perhaps) for BTCUSD and the whole crypto world in general. As we can see, there is a bullish cypher forming at the current trendline support level of 7300. We could see a correction up the the fib levels indicated in the chart. Best case scenario we could see a re-testing of the 10,000 level again!
Cheers, and don't bet the farm!
Note
Sorry, looks more like a cypher!
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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.