It appears that BTC found some resistance at the trend line resistance formed from previous corrections. The more it's tested and holds, the stronger it gets. A channel down has formed and we could be looking at a triangle formation centered around 14k. This is only speculation since it is very early to say for sure. If you're looking to buy, you can take a guess at the bottom (13k range) or wait for break out of downward channel (16.5k range). If the trend line resistance doesn't hold, then get ready for a fall to 10-11k range.
...but what do I know, I'm just a space suit engineer, not a trader. Good luck!
...but what do I know, I'm just a space suit engineer, not a trader. Good luck!
Note
Maybe something like this:Need that 15.5-16k break upward to get out of this downtrend.
...but what do I know, I'm just a space suit engineer, not a trader. Good luck!
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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.