I was going to do this as an update to my previous BTC chart, but i decided to do it separate because the indicators are different. If we look at a clean version of the Daily Chart for BTC with just EMAs, we can see that BTC is actually in a Symmetrical Triangle on the daily chart, so even if BTC takes a massive dump tonight to around $31,772, so long as it rebounds roughly of the inside of the Symmetrical Triangle it's stills in a really awesome place. I know people just want BTC to keep going up, but that is not realistic. Now let me say this, if BTC consolidates within the Symmetrical Triangle over the next week or so, that'll actually be really good for BTC in the longterm. I hope this is helpful & good luck 👍
Note
Fo those interested, here is an update showing the hourly chart and where BTC is and where it may go to over the next couple of hours using the Ichimoku Cloud System. I hope this is helpful.Note
3 Possible scenarios if BTC follows the full A,B,C,D,E wave count within the Symmetrical Triangle.
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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.