BTC looks like it is heading lower and then it likely to bounce.I am working on building my ability to anticipate where and when
BTC price will be, not just direction and trigger points. This is highly experimental but I have plotted what I think is where it will go if it does not bounce. To me the odds appear to favor lower followed by a bounce (green arrow side of the blue line) but if instead it breaks through the support level I have plotted (thick red horizontal line) then I would expect price to follow the blue line lower (red arrow side of blue line).Because I expect Bitcoin price to fall and then bounce I have to make this a neutral call.
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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.