BTC - Possible Reversal Point
Bitcoin has reached a critical point where it can make a bigger correction or move back up.
Confluences:
• Price has reached a level where it has completed an ab=cd pattern;
• 3-touch trendline confluence;
• Bullish divergence on multiple timeframes.
If the tides turn: Target 1: 23.000$
Target 2: 32000$
If we break below 8.7k, than hold tight.
- Nepjipmoktusem -
Confluences:
• Price has reached a level where it has completed an ab=cd pattern;
• 3-touch trendline confluence;
• Bullish divergence on multiple timeframes.
If the tides turn: Target 1: 23.000$
Target 2: 32000$
If we break below 8.7k, than hold tight.
- Nepjipmoktusem -
Note
We are at 8.7k: its either going to make, or break. We have a fully completed ab=cd right now, currently sitting at 8.7k
There are enough confluences which make me believe we might turn; time will tell
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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.