Follow up to my video from a day and half ago and price action did play out as expected. We saw a pull back to the 200EMA and bounce back up to rest recent highs of around $11,300ish.
The main point of the video is to talk about how I determine targets based on trendline breaks and measuring those moves. Long term... looking like 25K is in play if what i describe plays out.
I hope you enjoy the video... give a like and leave a comment. Thanks
The main point of the video is to talk about how I determine targets based on trendline breaks and measuring those moves. Long term... looking like 25K is in play if what i describe plays out.
I hope you enjoy the video... give a like and leave a comment. Thanks
Trade active
BTC is really testing that downward trend line... looking for the daily to close above tomorrow and above 12k would be even better. Trade active
On the 4HR, we've clearly broken the longer term down trend line from ATH and the top trendline of the triangle. Need to see how the day closed out for confirmation of this break at a daily level. As of this update this morning, i believe this area (11-11.5K ) of support will hold.
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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.