Hello,
This is my view, I dnot want to scare anyone, but this is what I see on the chart. So get ready for anything.
It is called as Roof Pattern, read more here.
thepatternsite.com/roof.html
It can break up or down, when it breaks get ready.
Targets are 6400 or 20500.
Comments?
This is my view, I dnot want to scare anyone, but this is what I see on the chart. So get ready for anything.
It is called as Roof Pattern, read more here.
thepatternsite.com/roof.html
It can break up or down, when it breaks get ready.
Targets are 6400 or 20500.
Comments?
Note
So we broke downside. Buy range would be 6500-8500. it will take a pause at 11700, 9200, 7500. It is very hard to get the last level, dnot try bottom fishing.
Note
Remember, this fall is healthy for next year. 2900 --> 20000, almost 6.5 x. Ex: 7500 x 6.5 x = 48000? is the next target for BTC?
Note
Note
I see the price is recovering from the support.Still, the Roof pattern holds good. Price has to break it decisively.
Note
An old descending triangle is broken and the new ascending channel is on the way.Note
within the pattern and heading towards the support. It is going to be 4th time test.Note
we are heading to 20kNote
Here is the updateWe broke the roof top pattern and formed a downtrend channel. Price is following into the channel. But there is a strong support at the demand zone. As long as support holds the demand zone, we can buy there and sell on top.
1) Price on trendline
2) Forming a symmetric triangle pattern which can breakout soon.
3) Price is above the support.
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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.