BTC diamond
Hey everyone, heres another idea on BTC
On the 1 hour timeframe i have spotted this diamond pattern formation. It could be wrong and just break out to the previous support at around 26 800
Or we could see it bounce off and head towards 28200 area before back down to around 27400 before making the decision of heading down towards 25500 or up to the 30K area
Its currently below the 200ma and bouncing off the 21 simple
These levels also has confluence with R1 pivot and S1 pivot
will soon see what plays out
On the 1 hour timeframe i have spotted this diamond pattern formation. It could be wrong and just break out to the previous support at around 26 800
Or we could see it bounce off and head towards 28200 area before back down to around 27400 before making the decision of heading down towards 25500 or up to the 30K area
Its currently below the 200ma and bouncing off the 21 simple
These levels also has confluence with R1 pivot and S1 pivot
will soon see what plays out
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.