Bitcoin HTF projection
Bitcoin has been very choppy over the last few weeks. This is what i believe coming up next for bitcoin.
The way we remained choppy on the way down, we will be choppy on the way up. It will be a slow grind into resistance levels 49-50K and bigger resistance at 54-55K.
Bitcoin will get rejection into one of those areas and will make another steep leg down to the area marked in green box.
The green box is at confluence of 0.618 fib extension of running flat and 1.5 level of pitchfork.
The way we remained choppy on the way down, we will be choppy on the way up. It will be a slow grind into resistance levels 49-50K and bigger resistance at 54-55K.
Bitcoin will get rejection into one of those areas and will make another steep leg down to the area marked in green box.
The green box is at confluence of 0.618 fib extension of running flat and 1.5 level of pitchfork.
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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.