BITCOIN (BTC/USD)
Bias: Bullish
This idea is based round the idea of a long ranging period, which then leads to a large push higher.
bias change
If bias was to change, then a push below 92-90k would be expected.
Unless specifically timed with a low chance of alteration by external forces, anticipating the exact timing of events is unrealistic.
This idea is based round the idea of a long ranging period, which then leads to a large push higher.
bias change
If bias was to change, then a push below 92-90k would be expected.
Unless specifically timed with a low chance of alteration by external forces, anticipating the exact timing of events is unrealistic.
Trade active
Reanalysing the idea, the new big triangle wouldn't be likely due to the double test of the previous one and is we can see we have found support above 98kBTC.
If we are looking at it Fractally, 107k is the target before a drop to 103k and a final climb to about 106k; We shall see its chosen direction from here... Who knows maybe the big triangle does play out.
Unless specifically timed with a low chance of alteration by external forces, anticipating the exact timing of events is unrealistic.
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Related publications
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.