BTC at a very important KEY level
As you can see in the chart the price is at a key level of resistant which has the same slope as current active pitchfork, as the matter of fact this line has been holding the price and changing ( or more called as Flipping Line)
We also have an ongoing energy coil which is being formed right below the area we are currently talking about
i also marked some important swings that can act as magnets and can also stop the price
To summarize, we should wait for the median line of current dotted channels to break, then we can expect a pull-back if that happens (43% of the time) we can go for the upper median line or UML
it depends when it reaches the UML but i'll update you if i found anything else on the chart
Have great day!
We also have an ongoing energy coil which is being formed right below the area we are currently talking about
i also marked some important swings that can act as magnets and can also stop the price
To summarize, we should wait for the median line of current dotted channels to break, then we can expect a pull-back if that happens (43% of the time) we can go for the upper median line or UML
it depends when it reaches the UML but i'll update you if i found anything else on the chart
Have great day!
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.