Get started
Bitcoin / TetherUS
Short
Updated

Bitcoin Trade Target

551
Bitcoin has broken out of consolidation to the downside. Using the flagpole to flagpole method gives us a trade target of about 16k!

Good luck
Note
Bitcoin Daily Analysis
 Previous analysis from earlier this morning
Note
The Fibonacci Extension Tool shows the 16k area as the 2.414 extension from the initial pivot of the downtrend snapshot
Note
Looks like we fell out of the triangle on the 3 day chart snapshot
Note
Looks like plenty of downside ahead on the Volume Supported Linear Regression snapshot
Note
Bitcoin Prediction
JoelRBishop
Bearish PatternsBitcoin (Cryptocurrency)breakoutBTCChart PatternsconsolidationTechnical IndicatorsshorttargettradeTrend Analysisxbt

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.
Bearish PatternsBitcoin (Cryptocurrency)breakoutBTCChart PatternsconsolidationTechnical IndicatorsshorttargettradeTrend Analysisxbt
JoelRBishop

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.