Basic Extrapolation
Updated
As you can see, so far the BTC has been following and respecting the drawn lines and if the existing trend prevails then a consolidation period with a significant amount of dips could be seen. This may pull BTC to the lower areas of the chart with valuing around or above 555XX (just a anticipated value based on guess)
Jst an idea that popped out of somewhere :)
Jst an idea that popped out of somewhere :)
Note
As we expected BTC has come to the lower regions. Now a reverse trend could be expected from the drawn support curve or line.
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.