BTC now is heavily manipulated. HOWEVER, all the indicators, trend & momentum is pointing to the upside.
Short term ascending/symmetrical triangle is playing out (1hr). (The first target for the breakout is 50k)
Do bear in mind we will still be playing within the VERY STRONG support and resistance which is 30.6k - 43k (red lines).
So if we're to break down, we can expect a bounce on 30k OR
If it were to break up, we can expect a rejection on 43k.
What does this mean? Very strong moves that will make or break BTC, either jumping straight to 50k after the 43k resistance is broken or dropping to the 19-21k levels if 30k support is broken down.
DYOR. I am not your financial advisor. I am just sharing my opinion on BTC.
Short term ascending/symmetrical triangle is playing out (1hr). (The first target for the breakout is 50k)
Do bear in mind we will still be playing within the VERY STRONG support and resistance which is 30.6k - 43k (red lines).
So if we're to break down, we can expect a bounce on 30k OR
If it were to break up, we can expect a rejection on 43k.
What does this mean? Very strong moves that will make or break BTC, either jumping straight to 50k after the 43k resistance is broken or dropping to the 19-21k levels if 30k support is broken down.
DYOR. I am not your financial advisor. I am just sharing my opinion on BTC.
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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.