The BTCUSD will be in a ranging mode for the coming weeks. This is due to the fact that a FALSE BULL FLAG pattern is forming, and the top range is around $ 72,8K and the bottom end $ 58,8k.
The pole itself has a value of $ 21 k and the break down of the channel support will be $ 21 k lower in price.
from medium-term perspective, and since the CHOP index is RANGING, I suggest only sell near upper channel range, and buy back lower range until the break. Overall I see $ around $ 40k objective.
The pole itself has a value of $ 21 k and the break down of the channel support will be $ 21 k lower in price.
from medium-term perspective, and since the CHOP index is RANGING, I suggest only sell near upper channel range, and buy back lower range until the break. Overall I see $ around $ 40k objective.
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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.