The inverse C&H played out nearly perfectly. Now the question is, will this support hold for a 4th time? Are the bulls willing to pick up some cheap bitcoin under 10K? Is Bakkt really gonna flop like some Coinbase listing?
Note
Longterm trend line has held as support for now. Hourly and below showing some bullish signsNote
A break of the line at 9,700 could be a nice Swedish shuffle to 8k Note
The answer is no, it will not hold. What a massive dump, next fib target is 7,200Note
Note
“Swedish shuffle to 8k” god I love TA
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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.