Bitcoin Long term analysis
Updated
Looking at the price action we are currently in a symmetrical triangle on the upside if price breaks the symmetrical triangle around $38500 will be looking at price action heading towards the region of the neckline of the head and shoulder (resistance level). The bears are starting to lose steam.
MArket will however become more bearish if price action break below the psychological support line of 30,000$.
Please leave a like, comment and support my idea, by following my account to get more info.
MArket will however become more bearish if price action break below the psychological support line of 30,000$.
Please leave a like, comment and support my idea, by following my account to get more info.
Trade active
Resistance @$38500 breached, price action heading upwards towards $42759tradingview.com/x/eOsaJbgL/.
Note
I'm also of the opinion that the bearish trend isn't fully accomplished, Symmetrical triangles possess lots of divergences on price-oscillator values. 
42K might act as not only resistance but start of fresh bearish trend.Trade active
Looking more bearish. Wave 5 incoming.
Note
Fortunately Due to break in descending trendline, BTC is looking more bullish on 4H, target levels identified by the Fib levels.
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.