Bitcoin Expectations for September
Hello dear TradingView family, it's been a while since last Bitcoin update!
A familiar price pattern has emerged on the BTCUSDT chart recently. This pattern is known as a Horizontal Channel, characterized by a consistent price range. Since August 18th, the price has been moving within the range of $26,800 to $25,400.
I anticipate that the price will eventually break out of this channel. However, before this breakout occurs, there might be a deceptive move down to around $24,800. This could be a tactic to trigger stop-loss orders and access a zone with significant liquidity. Following this, there's a potential for a rapid price increase towards the resistances at $26,800 to $28,800. This is motivated by a notable trend gap between this price range and the current trendline.
It's important to note that a brief period of price stability might be felt in the market before the possibility of more significant downward movements. This could drive the price down to the range of $20,000 to $18,800. However, this specific scenario warrants its own separate analysis.
A familiar price pattern has emerged on the BTCUSDT chart recently. This pattern is known as a Horizontal Channel, characterized by a consistent price range. Since August 18th, the price has been moving within the range of $26,800 to $25,400.
I anticipate that the price will eventually break out of this channel. However, before this breakout occurs, there might be a deceptive move down to around $24,800. This could be a tactic to trigger stop-loss orders and access a zone with significant liquidity. Following this, there's a potential for a rapid price increase towards the resistances at $26,800 to $28,800. This is motivated by a notable trend gap between this price range and the current trendline.
It's important to note that a brief period of price stability might be felt in the market before the possibility of more significant downward movements. This could drive the price down to the range of $20,000 to $18,800. However, this specific scenario warrants its own separate analysis.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.