BitcoinUpdated BTC/USD in trouble if it breaks below 9.7k. Next target 3.8k.
Drag chart left to see trend analysis starting at 2017 high.
The red pendant starts from Dec. 2017 highs and lows.
The black pendant is made from the 4H (or 1D) candles from recent performance, starting last week of June 2019.
If BTC drops below 9.7k, we may retest a new low (~3.8k) on the red pendant.
The red pendant starts from Dec. 2017 highs and lows.
The black pendant is made from the 4H (or 1D) candles from recent performance, starting last week of June 2019.
If BTC drops below 9.7k, we may retest a new low (~3.8k) on the red pendant.
Note
It should be noted that if BTC manages to stay above 9.7k for the coming week, we may retest the red pendant's high at 13k.
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.