BITCOIN, Watch Out!
After breaking down from H&S pattern, Bitcoin managed to bounce from $30,000 level and retest the neckline, where strong rejection came in.
Now, Bitcoin moves in an ascending wedge pattern. I expect it to hit mid level of 50-51k and then break down from it.
In order to take out the new highs, Bitcoin would need to close higher than the previous high at $53,400.
Now, Bitcoin moves in an ascending wedge pattern. I expect it to hit mid level of 50-51k and then break down from it.
In order to take out the new highs, Bitcoin would need to close higher than the previous high at $53,400.
Note
US and European stock markets are falling, watching the support line closelyTrade active
Note
Broke the support line and now moving upwards to test it.$46,000-$46,500 is a key level.
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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.