So, as I see from this chart BTC is showing real uncertainty of going up or down, it's really hard to predict right now what BTC is going to do, but I think that It will make double bottom pattern and bounce from that level hard. Second scenario is that it will go down until lower edge and finish it's shortterm downtrend, according to Bulkowski descending wedge. 9570 and 8900 are Fib levels and also strong supports for BTC, due to that facts I expect uptrend soon.
Although, there is a chance that it will continue it's uptrend from now on, as you can see it doesn't want to break 10000 level and close there.
By looking at indicators you can observe that bulls are stronger than bears in last 4 candles, that indicate that 10000 price level can be a new support line.
Although, there is a chance that it will continue it's uptrend from now on, as you can see it doesn't want to break 10000 level and close there.
By looking at indicators you can observe that bulls are stronger than bears in last 4 candles, that indicate that 10000 price level can be a new support line.
Note
We are going to new low.Trade closed: target reached
Reached 2/1 Gann Fan line.
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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.