BTC Rising Channel
BTC looks ready to climb in a rising channel leading up to the havlening event. It's possible we see a run up pre-halvening with corresponding increased volume as the price gets to and then above 10k. This will likely be followed by a sharp decline after the halvening event as a result of old-gen miner capitulation and 'sell the news' market psychology. The key level to watch in the latter half of 2020 is 
14K, which is significant not because it was the wick high on the monthly candle in July of 2019 but rather because it was the body high in December 2017. Passing this level will signal BTC is headed to all time highs.
14K, which is significant not because it was the wick high on the monthly candle in July of 2019 but rather because it was the body high in December 2017. Passing this level will signal BTC is headed to all time highs. Note
A break above the rising channel should validate a pre-halving run up.Ordre annulé
Broke below and invalidated the pattern.
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Publications connexes
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.