Medium-term the chart looks a M-top and this signifies a much lower value to be seen.
The neckline is around $ 35,000 and once we extablish below this level we should see developing a move to BELOW $ 10,000.
I understand the whole worlds feels we should see higher Bitcoin levels, but I am not agreeing with that idea at all.
For now SELL $ 39,000 - $ 41,500 and take profit @ 17,500 for now. Stop-loss above $ 46,500.
The neckline is around $ 35,000 and once we extablish below this level we should see developing a move to BELOW $ 10,000.
I understand the whole worlds feels we should see higher Bitcoin levels, but I am not agreeing with that idea at all.
For now SELL $ 39,000 - $ 41,500 and take profit @ 17,500 for now. Stop-loss above $ 46,500.
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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.