Bitcoin to 27,800 and then...
Updated
Traders,
The 4 hr. shows a bearish ascending triangle. There is a level of resistance I see at 27,800. At some point, I expect us to drop from this triangle. The catalyst for this drop could become our resistance level. If/when we drop, it is possible that we test the 25,200 level yet again.
Stew
The 4 hr. shows a bearish ascending triangle. There is a level of resistance I see at 27,800. At some point, I expect us to drop from this triangle. The catalyst for this drop could become our resistance level. If/when we drop, it is possible that we test the 25,200 level yet again.
Stew
Comment
The drop occurred not long after publishing this. Now, 26,500-26,600 is acting as support. If that holds, we'll continue upward soon. If it breaks, as already mentioned, we'll be looking at yet another test of 25,200.
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