BitcoinUpdated BTC -> SMA+ three drives pattern+ trend
I have compared SMA HI 20, three drives pattern and few trend lines.
As we can see SMA stays in the down (blue) trend channel and shows price of ~4120$, 4120$ is also a Hi of a 3th drive.
If all things will go as expected, todays hi will be ~4120$ and will be going down to the 1st (purple) or 2nd (green) trend line in next days/weeks.
2. If BTC will breake the blue downwards trend line i expect Red Arrow scenario to happen.
As we can see SMA stays in the down (blue) trend channel and shows price of ~4120$, 4120$ is also a Hi of a 3th drive.
If all things will go as expected, todays hi will be ~4120$ and will be going down to the 1st (purple) or 2nd (green) trend line in next days/weeks.
2. If BTC will breake the blue downwards trend line i expect Red Arrow scenario to happen.
Trade active
Todays HI for BTC : 4100.00$ Preety good guess by myself. ;)
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.