Having a strong resistance at 60k level, BTCUSD is forming a Bullish AB=CD Pattern with a PRZ at 40k-45k levels. This level is a confluence of rising wedge pattern target. If BTCUSD failed to break the 60k level, we might see another leg down to form the CD leg.
Note
We're now at the PRZ level..looking a descent bounce on this area. Failure to do so, we may test the 200MA at $40k level
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.