BTC daily chart
So in terms of patterns, everything I see leads to a bearish scenario, except for the fact that the price is currently sitting on the EMA 50, and as seen on the screen, sometimes it has served as a reversal zone and sometimes as a continuation trend. So I attached both possible scenarios on the graph. In addition, I added interesting targets for both directions. Personally, I have an open sell position with a protected profit, so of course I am still bearish on this.
bullish only on break of 32000!
bullish only on break of 32000!
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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.