Currently, BTC is in a descending wedge.
Current price range: 9300-9600
BTC is likely to make a small Bullish move up and reject between 10xxx-11200 (Depending on how it goes)
BTC may also reject right around 10100 and resume its Bearish momentum from that point.
I suspect the crypto market will form a Bull Trap at these levels, then continue descending over the next 16 days to the 7400-8400 range.
At these levels, I suspect the crypto market to form a strong reversal pattern back to the upside and generate massive bullish momentum from the second half of September, moving into October.
Regardless of what happens from this moment forward; Any Technical Analyst/Trader worth the clothes on their back should be ready.
This is not trading advice, anything can happen.
Traders are conscious.
What I do is technical analysis.
Thank you for checking out my analysis, if you have any comments, critiques or love to share in the comments section, please feel free to do so.
Current price range: 9300-9600
BTC is likely to make a small Bullish move up and reject between 10xxx-11200 (Depending on how it goes)
BTC may also reject right around 10100 and resume its Bearish momentum from that point.
I suspect the crypto market will form a Bull Trap at these levels, then continue descending over the next 16 days to the 7400-8400 range.
At these levels, I suspect the crypto market to form a strong reversal pattern back to the upside and generate massive bullish momentum from the second half of September, moving into October.
Regardless of what happens from this moment forward; Any Technical Analyst/Trader worth the clothes on their back should be ready.
This is not trading advice, anything can happen.
Traders are conscious.
What I do is technical analysis.
Thank you for checking out my analysis, if you have any comments, critiques or love to share in the comments section, please feel free to do so.
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.