CVCBTC update
Updated
Following previous prediction fairly well although holding support line around 5000sats.
I am still pretty certain we are heading back down to previous structure at around 4000sats before another bounce back to test resistance on the down trend, this time back at 5000sats.
This time i would sat entry around 4000sats, sell off at 5000 for an easy 20%.
If we get a break out from resistance expect another 20% to 6000sats, i would still be taking profit at 5000 imo and look to reenter if the 4hr candle closes over 5000sats over that down trend resistance.
I am still pretty certain we are heading back down to previous structure at around 4000sats before another bounce back to test resistance on the down trend, this time back at 5000sats.
This time i would sat entry around 4000sats, sell off at 5000 for an easy 20%.
If we get a break out from resistance expect another 20% to 6000sats, i would still be taking profit at 5000 imo and look to reenter if the 4hr candle closes over 5000sats over that down trend resistance.
Note
Be mindfull guys that if we break support at 3950, i would be hesitant to enter this trade, i would rather see confirmation of a bounce of support possibly a bullish engolfing on the next 4hr candle would be a good indication to enter the trade.
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.