BTC is forming a ascending triangle (bullish!) on the CME futures chart.
If we breakout (blue scenario) our likely targets are the 0.618 fib to potentially the 0.786fib.
By a breakdown (red scenario) it's likely that we will fill the CME gap. If that support doesn't hold I excpect a bounce around $9420 or the green box underneath.
If we breakout (blue scenario) our likely targets are the 0.618 fib to potentially the 0.786fib.
By a breakdown (red scenario) it's likely that we will fill the CME gap. If that support doesn't hold I excpect a bounce around $9420 or the green box underneath.
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Related publications
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.