MASSIVE Move incoming for Crypto - BITCOIN (BTC)
Friends, observe here we have strong Fib Channel support that was previous resistance early 2017 shown here:
A breakout here will be violent and impulsive!
If this scenario plays out, we can look at testing the top of the fibonacci uptrend channel around $5200 - $5400
If we break down, we will retest the next uptrend support around $2800 and see if we can consolidate upwards for a third try on breaking the bearish resistance.
This is very exciting everyone!
Current long trade:
A breakout here will be violent and impulsive!
If this scenario plays out, we can look at testing the top of the fibonacci uptrend channel around $5200 - $5400
If we break down, we will retest the next uptrend support around $2800 and see if we can consolidate upwards for a third try on breaking the bearish resistance.
This is very exciting everyone!
Current long trade:
Note
Note
We did test the resistanceNote
:D
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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.