BitcoinLong
BTC Preparing the launch pad?
This is a very simple and clean btc/usd long term view. We don't need fancy charts, multiple screens or 1000000s of indicators chucked on the screen. From my experience in trading btc is extremely volatile but is extremely 'loyal' to its support/resistance zone. Look at the plotted zones, price reacts perfectly. I see one more pullback before launch...why would institutions want in at 9/10k when they could have it for 7k??.
We have the 61 fib at 7k, the potential formation of an inverse head and shoulders and a potential retest of the resistance trend line which could turn into support. All these line up lovely...too lovely and clear for it to be true? time will tell.
let me know what you think.
We have the 61 fib at 7k, the potential formation of an inverse head and shoulders and a potential retest of the resistance trend line which could turn into support. All these line up lovely...too lovely and clear for it to be true? time will tell.
let me know what you think.
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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.