Bitcoin may drop to about $6700 before bouncing back to $10,000 within the next 7 days, just before the Fork.
A closer look shows on the 4H chart that the Ichimoku cloud has a strong resistance level and a large shoulder. If you look at my prior TA, you'll see that as Bitcoin falls after a nice rally, it will bounce off the shoulder of the ichimoku cloud and continue upwards. I think we have a very high likelihood of a repeat of this behavior before the fork.
Buy and HODL!
A closer look shows on the 4H chart that the Ichimoku cloud has a strong resistance level and a large shoulder. If you look at my prior TA, you'll see that as Bitcoin falls after a nice rally, it will bounce off the shoulder of the ichimoku cloud and continue upwards. I think we have a very high likelihood of a repeat of this behavior before the fork.
Buy and HODL!
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.
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.