Bitcoin 1 Week Outlook
I am expecting a slow and boring market for the next week as everyone seems to be on the sidelines awaiting a decisive movement.
I predict BTC will follow this diminishing pattern until a move convicting breakout takes place. Dashed lines show support/potential buy zones at the cloud resistance levels. We are still overall bearish from a TA perspective with the Ichimoku cloud, however, positive headlines may warrant a price rise or sustain current price range in the short term future.
Small long positions at dashed horizontal lines, for entertainment purposes
I predict BTC will follow this diminishing pattern until a move convicting breakout takes place. Dashed lines show support/potential buy zones at the cloud resistance levels. We are still overall bearish from a TA perspective with the Ichimoku cloud, however, positive headlines may warrant a price rise or sustain current price range in the short term future.
Small long positions at dashed horizontal lines, for entertainment purposes
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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.