FoxCharts

Double bottom before 5800$ ?

Long
BITFINEX:BTCUSD   Bitcoin
BTCUSD

High possibility of getting to 5800$, but I think we will go down to 3400-3300 and than 5800... I will place my BUY on 3400 or 3450 with SL on 3050... Red zone is dead zone fot BTC in my opinion. If BTC closes below 3200-3100, I have no idea where BTC ends.

Just watch support and resistance zones... They will lead you to your goals. There is chance if daily candle close above 4100-4200 we could see 5800 sooner :)

There is beauty in simplicity...

--------------------------------------------
This is not a financial advice, just my opinion.
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.