Target 1= $250
Target 2= $300
Target 3= $360
Target 4 - 450
Target 5 - $550
A retest and fail of $162 would signal further downtrend - however a 2nd bounce off of lower 1 median line on Andrews pitchfork would be encouraging
This is also contingent on behaviour of BTC between now and Aug 14th
Just my observation.
Hoping $162 is the bottom and it survives a 2nd test.
Will be keeping an eye on the MACD and PSAR and RSI on longer time frames to confirm break.
If we can get Above $250 within next week - this would be a good sign
Target 2= $300
Target 3= $360
Target 4 - 450
Target 5 - $550
A retest and fail of $162 would signal further downtrend - however a 2nd bounce off of lower 1 median line on Andrews pitchfork would be encouraging
This is also contingent on behaviour of BTC between now and Aug 14th
Just my observation.
Hoping $162 is the bottom and it survives a 2nd test.
Will be keeping an eye on the MACD and PSAR and RSI on longer time frames to confirm break.
If we can get Above $250 within next week - this would be a good sign
Note
I welcome your thoughts and comments.Note
.....I am still in this trade:)
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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.