Bitcoin Moment Of Truth...
Current Conditions:
1.) Apparent symmetrical triangle forming, with price action nearing a breakout.
2.) Volume dropping off.
3.) Price appears to be moving down within a channel. Linear regression line applied with standard deviations above and below for visual purposes.
Target:
In an effort to determine potential targets, segment AB was drawn at the opening of the triangle and placed at the apex. This gives a target around $6200. If we assume the path to follow the same path as segment XY, then this would lead to the target being reached some time within the next 12-24 hours. This would also coincide with the bottom of the channel formed by the linear regression.
1.) Apparent symmetrical triangle forming, with price action nearing a breakout.
2.) Volume dropping off.
3.) Price appears to be moving down within a channel. Linear regression line applied with standard deviations above and below for visual purposes.
Target:
In an effort to determine potential targets, segment AB was drawn at the opening of the triangle and placed at the apex. This gives a target around $6200. If we assume the path to follow the same path as segment XY, then this would lead to the target being reached some time within the next 12-24 hours. This would also coincide with the bottom of the channel formed by the linear regression.
Catatan
Alternately, it could follow the linear regression down to that low $6000's lever and get there in early February...Catatan
Updated support and resistance lines. Targets moved up: Trading ditutup: target tercapai
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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.