BTC flirting with long term support (REJECTION SCENARIO)
BTC has been showing bullishness as of late. However, we have a long term resistance at 6900 which contributes to a confluence zone at which the long term downtrend line intersects (not visible in this chart).
This chart is a rather specific scenario as to how I see this playing out over the next week or two based on several factors including a highly suspected price manipulation pattern which has been past observed and studied.
***Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is strictly for entertainment purposes only. Please consult your financial professional before making any kind of investment. Investments can be very risky and any investor should educate themselves before investing by enlisting the help of a licensed financial professional. Past results are not indicative of future results in any construable way.***
This chart is a rather specific scenario as to how I see this playing out over the next week or two based on several factors including a highly suspected price manipulation pattern which has been past observed and studied.
***Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is strictly for entertainment purposes only. Please consult your financial professional before making any kind of investment. Investments can be very risky and any investor should educate themselves before investing by enlisting the help of a licensed financial professional. Past results are not indicative of future results in any construable way.***