Bitcoin / TetherUSShort
possible Test to 5.5K (bitcoin)
Hi , it's clear that COVID 19 has affected also Crypto market especially Bitcoin , let's see why i forecast bitcoin price will go at least to 5.5K
1/fake breakout to 6.4k in the begining of the week
2/ strong rejection to resistance 6.4 k
3/ very strong resistance line who has been support line last few weeks
4/this line is very important psychologically for traders in two time :
the first before decline to 3k
the second before we go to 13K
5/descending line (green) could be respected , that's why i forecasted 5.5k , but let's don't forget that we are extreme situation when normal condtions don't apply
stay at home and have nice day
1/fake breakout to 6.4k in the begining of the week
2/ strong rejection to resistance 6.4 k
3/ very strong resistance line who has been support line last few weeks
4/this line is very important psychologically for traders in two time :
the first before decline to 3k
the second before we go to 13K
5/descending line (green) could be respected , that's why i forecasted 5.5k , but let's don't forget that we are extreme situation when normal condtions don't apply
stay at home and have nice day
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.