BITCOIN : 5000$
BTCUSD has showed the sharp dump that could be caught on short-term(5 min) pit stops . But this is'nt the end of the falling, you can expect some delay near the purple line(support). AB=CD pattern in the descending channel.
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EXCAVO's logarithmic chart
Note
30 min go for testing the resistance zone. Trade active
between 88.60 % and 78.60 % Fibonacci at 1D, in the TR1 zone !60min situation below.. divergence between indicator and may go up near 6500$ in the nearest time.
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BTCUSD logarithmic chart 1W
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Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.