BTC Yearly Low
Until there is a breakout with conviction through the channel starting June 26th, I believe that 8500 will represent another lower high.
There is a lot of convergence around the $5,200-$5800 area. This was the origin of the original run that never was re-tested and fits in line with the bear flag that led to the breakdown to 3.1k.
Timescale wise assuming it continues to follow the channel, I anticipate the bottom to be around Mid Feb - Mid March at around $5,500.
There is a lot of convergence around the $5,200-$5800 area. This was the origin of the original run that never was re-tested and fits in line with the bear flag that led to the breakdown to 3.1k.
Timescale wise assuming it continues to follow the channel, I anticipate the bottom to be around Mid Feb - Mid March at around $5,500.
Note
12.03.20 - just hit $5600
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.
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.