BTC is trying to hold its uptrend line after a brief move below. If it can hold here and breakout above this wedge, first target and potential short entry is around $95.6k. Second target is the trendline above, if it can take that out, it will pave the way for a move back up to ATH and $100k.
If it can't hold this trendline support or reclaim 95.6k, downside targets would be around $90k and then $85k as a last line of defense before it gets out of hand.
If it can't hold this trendline support or reclaim 95.6k, downside targets would be around $90k and then $85k as a last line of defense before it gets out of hand.
You reap what you sow.
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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Related publications
Disclaimer
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You reap what you sow.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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.