Bold = Key res/sup, triangle = predictor of breakout
- Green trend line shows high possibility of uptrend at the breakout point.
- Assuming bitcoin stays around the 56-59k range, expect 20-30% increase? Increase, to downtrend to new support.
- Assuming bitcoin goes above 60k, expect an increase to 0.52 and a battle for uptrend. I'd say a reasonable support after this is around the 0.47 area.
- Green trend line shows high possibility of uptrend at the breakout point.
- Assuming bitcoin stays around the 56-59k range, expect 20-30% increase? Increase, to downtrend to new support.
- Assuming bitcoin goes above 60k, expect an increase to 0.52 and a battle for uptrend. I'd say a reasonable support after this is around the 0.47 area.
Note
There was an unfortunate dip that occurred, however, disregarding that dip, and adjusting the chart appropriately, you'll find that I was spot on :)
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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.