Perfect retest in play?
Hey guys, I have been watching closely the consolidation period that Bitcoin has been moving in the last few weeks.
But after deciding to zoom out, I had a really strange simple thought to widen the channel that I would be making while BTC is in a bearish trend.
After cutting out a few wicks because of certain liquidity events, i see a perfect retest after a breakout of the downward channel and the triangle pattern as well.
If we hold this level, we will be seeing a jump of over 10k in the short to mid-short term.
If we fail to hold and brake back in the channel, the full bearish target is the middle point of the channel which would be an astonishing 10k in the opposite direction, ending at 27000.
Tell me do you agree.
Like, comment, follow.
NFI DYOR
CHEERS!
But after deciding to zoom out, I had a really strange simple thought to widen the channel that I would be making while BTC is in a bearish trend.
After cutting out a few wicks because of certain liquidity events, i see a perfect retest after a breakout of the downward channel and the triangle pattern as well.
If we hold this level, we will be seeing a jump of over 10k in the short to mid-short term.
If we fail to hold and brake back in the channel, the full bearish target is the middle point of the channel which would be an astonishing 10k in the opposite direction, ending at 27000.
Tell me do you agree.
Like, comment, follow.
NFI DYOR
CHEERS!
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.