BTC price prediction
Mis à jour
BTC touched on the 9k support channel as predicted and followed my original down trend, however picked up good support at 8000-8500.
I suspect we will see some sideways movement until we hit the original downtrend resistance again now at around 8500.
If it breaks through i believe a 3 wave hitting key support levels up to 10k.
If fails to break through again a 5 wave down to original low of 6k forming a double bottom, which should hopefully hold for a nice bounce and a trend reversal as people become bullish chasing the bottom.
I suspect we will see some sideways movement until we hit the original downtrend resistance again now at around 8500.
If it breaks through i believe a 3 wave hitting key support levels up to 10k.
If fails to break through again a 5 wave down to original low of 6k forming a double bottom, which should hopefully hold for a nice bounce and a trend reversal as people become bullish chasing the bottom.
Note
Looks like we have had an early break out from the down trend, key resistance levels here between 9000-9200, if the sidelines start flowing in now we will finally get that trend reversal as we complete the neck line of the inverse head and shoulders pattern.This could still be a trap so trade carefully.
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.