Since The Recent Low Of 6100 Bitcoin Has Since Made Somewhat of A Reversal or At Least A Bounce, Making Higher Lows On The Way.
Now We Are Looking For Bitcoin To Either Break The Over Head Resistance & Continue The Reversal Or Fall Back To Test Lower Supports, The Triangle Shows The Area This Will Happen & Likely Support Zones It Could Fall To.
We Are Still In An Area Where We Do Not Know If This Is A Reversal Or Just A Bounce On The Way Down, My Bias Is That We May Continue To Range Between 6300-7k For A While.
Follow For Updates :)
Now We Are Looking For Bitcoin To Either Break The Over Head Resistance & Continue The Reversal Or Fall Back To Test Lower Supports, The Triangle Shows The Area This Will Happen & Likely Support Zones It Could Fall To.
We Are Still In An Area Where We Do Not Know If This Is A Reversal Or Just A Bounce On The Way Down, My Bias Is That We May Continue To Range Between 6300-7k For A While.
Follow For Updates :)
Note
After easily breaking down i expect bitcoin to range between 6350-6650 for a while A drop below 6350 should signal new lows
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.
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.