BTCUSDT: ideal place to bottom BUT sub-12k still probable
BTC in this BTCUSDT weekly chart is stuck between wma200 level of 22k & 18k for now. Unless BTC breaks to one direction, the rest is just noise.
MORE DOWNSIDE RISK? BTC is right now in an ideal spot to bottom out with this M-pattern at very important FIB numbers. (See chart). However, as of 2JUL, it is still unable to reclaim last week’s closing low. If 18k/17k fails, then sub-12k is on the table as measured by the recent range above & below the wma200 pivot level of 22k.
Not trading advice
MORE DOWNSIDE RISK? BTC is right now in an ideal spot to bottom out with this M-pattern at very important FIB numbers. (See chart). However, as of 2JUL, it is still unable to reclaim last week’s closing low. If 18k/17k fails, then sub-12k is on the table as measured by the recent range above & below the wma200 pivot level of 22k.
Not trading advice
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.