-In a previous analysis, prices were considered to retest the 19.8K region as well as the long average of the daily chart. A priori, this is exactly what happened!
-For the next few days we have the long average served as support for prices, where we can see attempts of rebounds up to the region of $22.1K. If prices fail to stay above this level, it will unfortunately open up grounds for us to have a test in the $18.1K region.
-If prices do not respect the $18.1K region, it is wiser to expect us to aim for the $16.8K region
-On the weekly chart we have prices losing the long average (a bad sign) as well as having a symmetry of daily and weekly targets. Will we see a catastrophe soon for BTC?
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other analysis!
-For the next few days we have the long average served as support for prices, where we can see attempts of rebounds up to the region of $22.1K. If prices fail to stay above this level, it will unfortunately open up grounds for us to have a test in the $18.1K region.
-If prices do not respect the $18.1K region, it is wiser to expect us to aim for the $16.8K region
-On the weekly chart we have prices losing the long average (a bad sign) as well as having a symmetry of daily and weekly targets. Will we see a catastrophe soon for BTC?
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other analysis!
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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.
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.