BITCOIN MIDTERM BEARISH UPDATE
I think its likely BTC is doing a wedge formation, as we had low volume the last few days. I expect we will test the bottom of the wedge at (3670), and then go up for another retest at the resistance.
Then i believe it's very likely that we break down below it. The reason is that 3k,3-5k is a huge accumulation area. After the break i expect it to hit 1.618 extension at 3335 USD.
May the charts be with you!
Then i believe it's very likely that we break down below it. The reason is that 3k,3-5k is a huge accumulation area. After the break i expect it to hit 1.618 extension at 3335 USD.
May the charts be with you!
Note
If BTC continues to hold the resistance this should break down, very soon targetting 3300. Keeping stoploss at 3870. 
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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.