We followed BTC from the 74,000 low and stated that BTC would have a good upward move and will probably hit the previous ATH.
In reality, BTC followed the analysis very nicely and after some 50% gain, it did hit the previous ATH.
But looking at the chart right now and considering the bearish confluences on the chart, it seems BTC is likely to drop to lower levels namely 102,000, 94,000 and probably 88,000 so it is wise to look for sell opportunities across the market. An 8H or 12H close below the blue trendline will probably trigger the drop.
In reality, BTC followed the analysis very nicely and after some 50% gain, it did hit the previous ATH.
But looking at the chart right now and considering the bearish confluences on the chart, it seems BTC is likely to drop to lower levels namely 102,000, 94,000 and probably 88,000 so it is wise to look for sell opportunities across the market. An 8H or 12H close below the blue trendline will probably trigger the drop.
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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.
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.