In the previous Idea that I posted shows quite similar moving of the BTC price. :)
Here, I posted another prediction of BTC price movement updates.
1. A bit enlarged inverted cup and handle pattern compared to the previous one is possible (yellow)
2. Still in Descending channel (white, mid-long term)
3. Short-mid term descending channel is going on
Lower Low movements is still going on, therefore, I guess 1 more lower price hit and it might prepare to go up, possibly after mid Oct at least.
Still my target for short position is $7680 (actually $7665 and will open Long pos further below).
Here, I posted another prediction of BTC price movement updates.
1. A bit enlarged inverted cup and handle pattern compared to the previous one is possible (yellow)
2. Still in Descending channel (white, mid-long term)
3. Short-mid term descending channel is going on
Lower Low movements is still going on, therefore, I guess 1 more lower price hit and it might prepare to go up, possibly after mid Oct at least.
Still my target for short position is $7680 (actually $7665 and will open Long pos further below).
Note
I have set my stop loss to 8350, yet the target is 7680.
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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.