Romromsi

BTC-USD vision for long and short periods

Long
COINBASE:BTCUSD   Bitcoin
In broader time horizon I see strong bearish resistance in 11500 area, which can make an upper broder of rising triangle. In immediate prospects I see falling triangle which can lead us to the lower broad of huge triangle. This broad also consides with the Fibbonacci levels of retracements of previous bullish run. So I suppose that we can see the price near 8000 level in a couple of days and it also may be a good point for long entry, but only if you see bullish sings in that area.
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.