BitcoinShort
BTC/USD - Bear Flag / Muddy Waters - Potential Bounce Zones
BTC/USD - Currently sitting in a bear flag with a potential break - I am looking at support zones around $8,200. I feel we have been rejected from a huge key resistance level at 10k and this wasnt the bounce.
A key level to watch for is $7,800 which would complete a double bottom and potentially bring some big volume through. I am bullish in the mid term and expect us to break $10,000. That is of course if we dont break any key support levels at $7,800.
If we break below $7,800 a key level to watch will be the $7,300 zone. I feel this is a much needed pullback and the FUD was overhyped. The FUD definitely helped the process come quicker although this is a pullback that was certain to happen after testing those key resistance points at high 9k.
Give me a follow and a comment on your thoughts.
<3 Alpo -
A key level to watch for is $7,800 which would complete a double bottom and potentially bring some big volume through. I am bullish in the mid term and expect us to break $10,000. That is of course if we dont break any key support levels at $7,800.
If we break below $7,800 a key level to watch will be the $7,300 zone. I feel this is a much needed pullback and the FUD was overhyped. The FUD definitely helped the process come quicker although this is a pullback that was certain to happen after testing those key resistance points at high 9k.
Give me a follow and a comment on your thoughts.
<3 Alpo -
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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.