BITCOIN WYCKOFF ANALYSIS
Thinking BTC's next moves will be something like this...
If we break the current trend line I think we will drop between $8500-$8200 (maybe lower) then back up to re-test to the major resistance line. We have already touched the major resistance line 5 times I believe, which makes it pretty weak and susceptible to be broken completely. If bulls cannot make the push, we can drop below $7800 and possibly be in a re-accumulation phase with a loaded spring to retest or distribution phase to drop to the deaths of hell of the current downward trading range we are in.
If we break the current trend line I think we will drop between $8500-$8200 (maybe lower) then back up to re-test to the major resistance line. We have already touched the major resistance line 5 times I believe, which makes it pretty weak and susceptible to be broken completely. If bulls cannot make the push, we can drop below $7800 and possibly be in a re-accumulation phase with a loaded spring to retest or distribution phase to drop to the deaths of hell of the current downward trading range we are in.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.