DavidJDM

12k bitcoin still a possibility?

Short
COINBASE:BTCUSD   Bitcoin
It looked like we hit bottom, but this scenario is still possible. It all depends on what happens next. If we break down from the falling wedge and hit target, we will finish a head & shoulders pattern which has a target below the symmetrical triangle we have been consolidating in for some time now. That will take us down to the 20k level or even 12k depending on whether it's a triangle or bear flag.

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.