BTC to get Schwifty down to $10k or below
Key resistance of $13,000 has been broken and the market is now attempting a retest of the $12,000 level.
A bearish pennant is forming, which will likely result in another strong down test of key support areas during the New York session.
Key support lies at $11,000, followed by $10,700 (long term support) and then $10,000.
If we see longer term candles close below 10,700 ... hold on to your pants, this will likely signal a significant longer term bear trend change.
A bearish pennant is forming, which will likely result in another strong down test of key support areas during the New York session.
Key support lies at $11,000, followed by $10,700 (long term support) and then $10,000.
If we see longer term candles close below 10,700 ... hold on to your pants, this will likely signal a significant longer term bear trend change.
Related publications
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.