Bitcoin / TetherUpdated BTCUSDT to fall untill $5400?
It's tough days for BTCUSDT and it's HODLers. But a good oportunity for those who want to buy at cheap prices.
Technically speaking it's inside a falling wedge reaching its final days, and the value should break up towards the 50% or 23.6% fib retracement again soon.
However the rupture of the 200 EMA allways been repected untill now (to be confirmed with todays close price), the 78.6% retracement (to be confirmed too) and the up trend line (formed between september and november minimums) supports is not good news for BTC, making it potentially head till the $5400-$6400 zone.
Good luck everybody!
Technically speaking it's inside a falling wedge reaching its final days, and the value should break up towards the 50% or 23.6% fib retracement again soon.
However the rupture of the 200 EMA allways been repected untill now (to be confirmed with todays close price), the 78.6% retracement (to be confirmed too) and the up trend line (formed between september and november minimums) supports is not good news for BTC, making it potentially head till the $5400-$6400 zone.
Good luck everybody!
Note
Unfortunately BTCUSDT confirmed the breakage of the three supports that had:- 200EMA
- Up trend line
- the fib 78.6% retracement line
plus it broke downwards the falling wedge.
Unless a clear strong close signal or bounce due to some good news for the value, next support would be around the 100% fib retracement level at $5400.
Good luck everybody.
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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.