Bitcoin (BTC) / USD Tether (USDT) - Upcoming Bitcoin Sale
BTC at the moment bounce off EMA200 (9100$). This is very strong support level, but if it breaks BTC will go directly to 8000$ with some small stopovers on the support at 8500$ level.
If scenario, mentionet above happen, the next stop will be at 7000$ support level.
But aslo would be good if BTC bounces from current EMA200 level. Truly I expect a reflection of BTC by EMA200 even if it is hard to believe.
We have fully formed 2 patterns: reversed H&S and double top. Really dont know which pattern will affect to the marke in the next 3-5 hours. The only way to know is just wait. Volume is getting lower. MACD has negative look.
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On H12 TF BTC is testing downtrend channel and FIB at 9100$ price level. So current level is can be reversal point also. But because of formed bearish flag I suppose price will dropdown.Note
So the dropdown! Most of traders are already discussing about testing of new resistance level at around 10k$, but I think BTC will test support level soon.BTC H3 TF
BTC is repeating it previous movement path - bearish flat pattern. And according to it the final destination could be the dump. I suppose dump could start within next 24h-36h
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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.