BitcoinDiupdate Bitcoin new range, long term
BTC broke through the lower falling resistance line, with quite a convincing move up.
2 options are likely right now:
-We also break through the second resistance, which will turn into support
-We will stay in between the two red resistance lines,
Based on previous cycles we're very likely to continue accumulation for at least half a year. My guess is we're going to break through the second resistance sooner or later, and follow the support down to 3000-3500ish (of course there is a chance of a rally but timing is not ready for sustained gains).
Orange line represents a possible technical maximum based on previous trend.
Breaking down the 3000 support seems rather unlikely right now, if we do break down surely the 2000 support will hold.
2 options are likely right now:
-We also break through the second resistance, which will turn into support
-We will stay in between the two red resistance lines,
Based on previous cycles we're very likely to continue accumulation for at least half a year. My guess is we're going to break through the second resistance sooner or later, and follow the support down to 3000-3500ish (of course there is a chance of a rally but timing is not ready for sustained gains).
Orange line represents a possible technical maximum based on previous trend.
Breaking down the 3000 support seems rather unlikely right now, if we do break down surely the 2000 support will hold.
Catatan
tradingview.com/chart/OZFqeC1S/It's following the trend nicely, i don't see it breaking the orange resistance
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.