There are two 3 scenarios here for me:
1: We break the neckline of the W at around 43.800 and rally back up
2: We build a support channel between 42k and 44k
3: We brake below the channel and keep hitting my targets of 40k to 37k which I talked about in many posts over the past month.
I could see some sideways moving, but eventually I see BTC going to those lower levels before we rally again
I'm not panicking unless we break those levels, I might be short-term bearish but mid/long-term still bullish unless we break below my targets coming from a very strong support.
👇
Here are a couple of posts from a couple of days ago where I wrote about those targets.
👇
www.tradingview.com/...ps_N_Graphs/KIz2UOzU
www.tradingview.com/...ps_N_Graphs/4pcGizfT
www.tradingview.com/...ps_N_Graphs/hW8TxSOt
1: We break the neckline of the W at around 43.800 and rally back up
2: We build a support channel between 42k and 44k
3: We brake below the channel and keep hitting my targets of 40k to 37k which I talked about in many posts over the past month.
I could see some sideways moving, but eventually I see BTC going to those lower levels before we rally again
I'm not panicking unless we break those levels, I might be short-term bearish but mid/long-term still bullish unless we break below my targets coming from a very strong support.
👇
Here are a couple of posts from a couple of days ago where I wrote about those targets.
👇
www.tradingview.com/...ps_N_Graphs/KIz2UOzU
www.tradingview.com/...ps_N_Graphs/4pcGizfT
www.tradingview.com/...ps_N_Graphs/hW8TxSOt
