We may have reached my target 1 already -$11,000-11,200 next
We may have reached my target 1 already. Look for break out of the orange channel as confirmation of uptrend to $11,000-11,200 range.
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At this point (4hr chart) Bitcoin has formed a Double Top and Double Bottom.
The price could break in either direction, so we have to wait and watch.
However, I'm leaning towards it breaking upward.
It has reached a crucial support at $9600. My next support level is $8900. BTC
The price could break in either direction, so we have to wait and watch.
However, I'm leaning towards it breaking upward.
It has reached a crucial support at $9600. My next support level is $8900. BTC
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A Double Bottom can also be seen (on $9600 support line) to have formed after today's flash crash (15min scale).
Again, price could go either direction at this formation, but I learn towards upward movement. #Bitcoin $BTC
Again, price could go either direction at this formation, but I learn towards upward movement. #Bitcoin $BTC
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Bitcoin's price swung upward (which is the direction I was learning towards in my last call).
However, this current structure resembles a Bearish Flag, which could signal more downward movement. Let's observe if it will break below the yellow-line channel or not.
(Update, started breaking below while I was typing this)
However, this current structure resembles a Bearish Flag, which could signal more downward movement. Let's observe if it will break below the yellow-line channel or not.
(Update, started breaking below while I was typing this)
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Broke below just after I posted. My support range is between $9200 and $8800.
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Likely caused by a Binance Hack and/or massive Whale(s) dumping/coordinated event.
www.trustnodes.com/2...unauthorized-selling
www.bloomberg.com/ne...nd-he-s-not-done-yet