We are currently still in the triangle range but in this scenario I painted what I expect to happen when it breaks downwards.
If it breaks down I expect
BTCUSD to find support at the $8000 level.
But if that doesn't hold we free-fall to $6800 and test the green and red support lines. I don't think (and hope) it will go any lower than that.
If it breaks down I expect
BTCUSD to find support at the $8000 level. But if that doesn't hold we free-fall to $6800 and test the green and red support lines. I don't think (and hope) it will go any lower than that.
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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.