BitcoinUpdated Bitcoin possible path from here if support is not held
The update from the Signalyst (on TradingView) today prompted me to redo my TA and determine the path if we were to follow prior resistance/support rejection pattern. This is obviously just using a prior behavior to present one possible option. But we worked hard at breaking through an area of resistance we have not established as support. And as the Signalyst pointed out, pushing below that and not being able to push back up and establish again will lead to downward pressure.
Trade at your own risk!
Trade at your own risk!
Note
The other option we have is based on a prior flag pattern (fake out drop and then up):
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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.
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.