The BTC bounced to the uptrend line. Will it be a short-term pullback with more falling to 7k-6k levels? Or preparing for a new uptrend? We have to watch the price closely. For a downward movement, the price should reverse from the downtrend line and break 8k support level in the daily time frame. For the upward confirmation, the price has to break the downtrend line which is now struggling with. So, keep an eye on these key levels of the market.
t.me/Cryptolysis
t.me/Cryptolysis
Note
You can see more analysis in this channel. t.me/Cryptolysis
Trade active
The ABC correction is almost done. It is possible to go and touch 6.9k-7.05k. It does not mean breaking the line.Trade closed: target reached
BTC bounced to $8k after completing ABC correction.
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.
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.