BITCOIN
Bitcoin's long-term curved channel is broken with last week's candle !!!
The head and shoulders pattern is likely to form at the end of the downtrend in the 4-hour timeframe, in which case Bitcoin will be above the $ 23,823 price range. It can even increase up to $ 30,000 and $ 31,000.
From this range onwards, there is room for discussion!
Can Bitcoin increase up to the specified yellow limits by withdrawing orders in the $ 18,000 range, or does it need orders in the $ 11,000 range to increase the price ($ 44,000 - $ 63,000) ????
The head and shoulders pattern is likely to form at the end of the downtrend in the 4-hour timeframe, in which case Bitcoin will be above the $ 23,823 price range. It can even increase up to $ 30,000 and $ 31,000.
From this range onwards, there is room for discussion!
Can Bitcoin increase up to the specified yellow limits by withdrawing orders in the $ 18,000 range, or does it need orders in the $ 11,000 range to increase the price ($ 44,000 - $ 63,000) ????
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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.