elitealpha

Bitcoin BTC 1 D Technical Analysis Market Update

Long
COINBASE:BTCUSD   Bitcoin
Bitcoin never stops surprising us. $8400 is the real test an has been for a while. Remember we are still in a bear trend, so be on the look out for bull traps

Some things to watch out for:

- Bull channel forming/ bear flag
- Testing $8400 and .382 Fib
- If the triangle is still in tact, we will see $7350
- Bottom of cloud, watch for the break
-Needs to break .236 Fib to see $9k again
-- I see $8k before we break $9k again

$DYOR and Happy Trading
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.