BTC Important area to be tested soon
Looking more into the log graph:
I feel as if every sign is pointing towards a support test of $2600 range, which was found by looking at the previous crash from $1150 to $150. A bear flag has consolidated BTC to meet with a cross at MA 12 & MA 26. This is scary waters for a market that has been controlled by bears and will lead to a drop to the $2600 range. If BTC can't pull together we could easily see the next BTC support be $1100 which is likely. However, if the bulls can come together and push a long rally to MA 200 we could see $2600 remain as the strong support.
Overall, $2600 will be likely tested and will decide a steep crash (likely short-lived) or a rally which will last much longer.
Regardless, the future is exciting.
- The bright lamp
Personal opinions are only ideas and are never financial advice.
I feel as if every sign is pointing towards a support test of $2600 range, which was found by looking at the previous crash from $1150 to $150. A bear flag has consolidated BTC to meet with a cross at MA 12 & MA 26. This is scary waters for a market that has been controlled by bears and will lead to a drop to the $2600 range. If BTC can't pull together we could easily see the next BTC support be $1100 which is likely. However, if the bulls can come together and push a long rally to MA 200 we could see $2600 remain as the strong support.
Overall, $2600 will be likely tested and will decide a steep crash (likely short-lived) or a rally which will last much longer.
Regardless, the future is exciting.
- The bright lamp
Personal opinions are only ideas and are never financial advice.
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Also, it is important to note timeframe of the rectangle. Careful to watch mid-December outcome if everything is normal check Dec-Jan.הערה
Looks as if BTC is toeing the line earlier than expected. Watch closely to see what plays out. A fall off from $3600 will open our next range $2600-$3600.
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Bigger sale off developing
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Sell**Where's my coffee?
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BTC still following earlier pictureהערה
Still developing as expected.
$2600 range will be important to watch next. If the market doesn't turn around here we will very likely see BTC near $2000 range.
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So many buy orders at $3000 will probably spike BTC maybe up to $3400 but will ultimately fall to $2600 test after.
Many buy orders may quickly cancel causing a smaller push though.
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.