BitcoinShort
BTCUSD - Mean reversion to BB center line?
BTC has been in a descending triangle. If we break to downside, the downside target is around 40k, where it will also meet the monthly BB center line.
If we somehow break to upside, look for top around 80k (top of BB band).
If we somehow break to upside, look for top around 80k (top of BB band).
Note
Btw. if we go to meet the monthly mean line (40k), we could go and make a new ATH after that (80k)
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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.