My view on the upcoming price movement of Bitcoin " BTC "
My point of view
It was the beginning of the ascent in the form of a back diagonal
You completed the following figure with the current drop 1-2-3-4 and it will start forming the last 5th wave
An uptrend was broken, it became a bullish one, and it rebounded from the first support, and this does not indicate a rise, but it shows some positivity
If we do not close below the yellow trend line, this is very good
Breaking the 59k and holding it above it will mean the end of negativity
Breaking 40750 means bearish market
We monitor the drawn trend lines and the areas of demand and supply
This is an old analysis I posted earlier. I just made some updates to it
It was the beginning of the ascent in the form of a back diagonal
You completed the following figure with the current drop 1-2-3-4 and it will start forming the last 5th wave
An uptrend was broken, it became a bullish one, and it rebounded from the first support, and this does not indicate a rise, but it shows some positivity
If we do not close below the yellow trend line, this is very good
Breaking the 59k and holding it above it will mean the end of negativity
Breaking 40750 means bearish market
We monitor the drawn trend lines and the areas of demand and supply
This is an old analysis I posted earlier. I just made some updates to it
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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.