Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
$BTC up to $30K or down to $15K!?!?
Bitcoin / Tether
Long
$BTC up to $30K or down to $15K!?!?
By CryptoGuru369
Follow
Follow
Aug 12, 2022
2
0
10
10
Aug 12, 2022
Volatility metrics suggest
BTC
is on the precipice of a 20-30% move which should complete within about 25 days.
Currently,
BTC
is forming a rising wedge. Price was rejected from the top side of the wedge yesterday, then found support.
If
BTC
breaks out from this wedge, then I am looking for a move to around
29K
-30K (approximately 20-30% move) over the next 25 days or so.
If price breaks down, then I suspect we'll see a move down to $15,000 with continuation down to $13,750 likely.
Please leave a like and a comment. Do you think we're headed up or down? I'd love to see another leg down to high teens, low 20's or even lower!
This is not finical advice. This is for educational purposes only.
Chart Patterns
Trend Analysis
CryptoGuru369
Follow
General Inquiries:
t.me/cryptoguru369
Twitter:
twitter.com/CryptoGuru369
Also on:
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
.