$BTC/ is at a critical point.
It is going to take a lot of momentum if we are to break back above resistance at this point.
This is an update on an idea I posted not too long ago, showing the channel to the downside.
Right now, it is possible we are experiencing a move to the 7800 levels over the course of a few days.
If that happens, I would like to think we'd also experience a significant bounce! A break below would yield $6,000.
These are just my opinions, and not actual trade advice
Here is a 5m chart to show you.
It is going to take a lot of momentum if we are to break back above resistance at this point.
This is an update on an idea I posted not too long ago, showing the channel to the downside.
Right now, it is possible we are experiencing a move to the 7800 levels over the course of a few days.
If that happens, I would like to think we'd also experience a significant bounce! A break below would yield $6,000.
These are just my opinions, and not actual trade advice
Here is a 5m chart to show you.
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Related publications
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.