BTC breaks down out of channel
Failed to break back in and confirmed bearish trend triggering my remaining stops. A few pundits went 'bullish' which is often the trigger for
- Target 1 is a bounce off 9k (target $9,090 / 38% FIB) - if it makes it this deep now, for me this is a low risk buy.
- Target 2 is the $8,500 target and a bounce of the 200MA / EMA / 50% FIB - healthier retracement may spur BTC through the 11k ceiling.
- Target 3 is potential 'double-top' run up to the base of the bullish channel. BTC could break-through of course as to-date the run has been pretty bullish.
It could go up from here but it failed to reclaim 10k so expecting a further drop.
Best, Hard 'regression' Forky
- Target 1 is a bounce off 9k (target $9,090 / 38% FIB) - if it makes it this deep now, for me this is a low risk buy.
- Target 2 is the $8,500 target and a bounce of the 200MA / EMA / 50% FIB - healthier retracement may spur BTC through the 11k ceiling.
- Target 3 is potential 'double-top' run up to the base of the bullish channel. BTC could break-through of course as to-date the run has been pretty bullish.
It could go up from here but it failed to reclaim 10k so expecting a further drop.
Best, Hard 'regression' Forky
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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.