BTC rising channel on STF - 51.5k or 47.5k next move?
BTC showing classic ascending channel on the STF (1h chart)
Given the current downtrend, statistically more likely to break to the downside
Should it break to the upside, BTC will return to the bull market support band level (51.5k) where it was recently rejected
DOWNSIDE TARGET - 47.5k (More Likely)
UPSIDE TARGET - 51.5k (Less Likely)
In the event of a successful breakout above the bull market support band, with volume, and holding this as support, this would represent a very strong move for BTC.
Breakdown to 47.5k would be consistent with the current downtrend which seems likely to lead us to the 42k to 45k again within the next few days....
Given the current downtrend, statistically more likely to break to the downside
Should it break to the upside, BTC will return to the bull market support band level (51.5k) where it was recently rejected
DOWNSIDE TARGET - 47.5k (More Likely)
UPSIDE TARGET - 51.5k (Less Likely)
In the event of a successful breakout above the bull market support band, with volume, and holding this as support, this would represent a very strong move for BTC.
Breakdown to 47.5k would be consistent with the current downtrend which seems likely to lead us to the 42k to 45k again within the next few days....
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.