BITCOIN WYCKOFF ANALYSIS
Thinking BTC's next moves will be something like this...
If we break the current trend line I think we will drop between $8500-$8200 (maybe lower) then back up to re-test to the major resistance line. We have already touched the major resistance line 5 times I believe, which makes it pretty weak and susceptible to be broken completely. If bulls cannot make the push, we can drop below $7800 and possibly be in a re-accumulation phase with a loaded spring to retest or distribution phase to drop to the deaths of hell of the current downward trading range we are in.
If we break the current trend line I think we will drop between $8500-$8200 (maybe lower) then back up to re-test to the major resistance line. We have already touched the major resistance line 5 times I believe, which makes it pretty weak and susceptible to be broken completely. If bulls cannot make the push, we can drop below $7800 and possibly be in a re-accumulation phase with a loaded spring to retest or distribution phase to drop to the deaths of hell of the current downward trading range we are in.
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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.