BTC - Which way will it go?

Bitcoin / United States DollarCoinbase

Description

⋅ Mar 26, 2020 12:10 PM

Ascending triangle on the 4hr.

Break above and close $6,900 for a run to $7,800.
Fall below and close for a retest of $6,200 followed by $5,600.

Overall bias: Bearish.

Weekly close will be telling.
It's a wait and see game.

Comment

⋅ Mar 26, 2020 12:13 PM

Green box represents my next long/accumulation zone.

Comment

⋅ Mar 26, 2020 12:25 PM

Double top, double rejection. Bearish.

Trend Analysis

Comments

Protixder

⋅ Mar 26, 2020 12:13 PM

China’s central bank moves closer to issuing digital currency: insiders see the global news in china , expecting a huge breakout to 7K area +, at this low price , the whale effect are strong MX-350

NikolaBTC

⋅ Mar 26, 2020 12:26 PM

@Protixder, possible. Tough to call right now.

Protixder

⋅ Mar 26, 2020 12:13 PM

interesting chart.