BTC - Consolidation expected
Updated
As stated in my post monthly report - we should see a consolidation area here in this area. We successfully broke above and closed both bear trend and resistance point; will update soon.
https://drive.google.com/file/d/1_cPWNHkgdIez0J9NcHhbAkI42yP3gv73/view << Post Feb. Debrief | Previous reports listed within.
https://drive.google.com/file/d/1_cPWNHkgdIez0J9NcHhbAkI42yP3gv73/view << Post Feb. Debrief | Previous reports listed within.
Note
Head and Shoulders formed right on support $10,375 - broke below, on way to test major bear trend near $9,400
Note
A break below 9,400 may send us to 8,900
Note
Correction on update listed 10 hours ago;"Head and Shoulders formed right on support $10,375 - broke below, on way to test major bear trend near $9,400"
That yellow line is not the major bear trend, thats a minor bull trend.
Note
we may move on to $10,520 and a break above it may test $11,200 -
A test to $10,000 is probable.
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.