BitcoinUpdated Very important decision in the next 3 days
Very important decision in the next 3 days.
Big triangle formation is almost done.
In the next 3 days, we will see if the trend continues (target U$50.000) or go down (target U$21.000).
Strong support at U$32.200
Strong resistance at U$41.400
Get your popcorn and wait.
Cheers.
Big triangle formation is almost done.
In the next 3 days, we will see if the trend continues (target U$50.000) or go down (target U$21.000).
Strong support at U$32.200
Strong resistance at U$41.400
Get your popcorn and wait.
Cheers.
Note
Now, Bitcoin has touched the bottom support of the triangle.A break below that will be bearish in short term.
Strong support at U$32.200, we may see a bear trap (false triangle breakout)
Note
Bitcoin touched $ 32.200, not a good sign.Candle closing below U$32.000 (resistance + EMA 200) will take bitcoin to a more complex correction + altcoins drop.
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.
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.