Bitcoin Daily View — Triangle in Play, Bears May Stay
In my view, Bitcoin is currently forming a corrective triangle (ABCDE), and the breakout seems more likely to occur to the downside.
🎯 Targets:
• 1️⃣ 98,000
• 2️⃣ 94,000
• 3️⃣ 92,000
❌ Invalidation Level: 104,500
In my previous posts, I mentioned that I expect Bitcoin to eventually reach 83,000, but for now, I’m setting my target at 92,000, as I don’t think it will drop that far immediately.
⚠️Disclaimer: This is just my personal market view, not financial advice. Always trade with stop-losses!
💬 Share your thoughts in the comments and follow for upcoming Bitcoin updates!
🎯 Targets:
• 1️⃣ 98,000
• 2️⃣ 94,000
• 3️⃣ 92,000
❌ Invalidation Level: 104,500
In my previous posts, I mentioned that I expect Bitcoin to eventually reach 83,000, but for now, I’m setting my target at 92,000, as I don’t think it will drop that far immediately.
⚠️Disclaimer: This is just my personal market view, not financial advice. Always trade with stop-losses!
💬 Share your thoughts in the comments and follow for upcoming Bitcoin updates!
Order cancelled
I’ve revised my forecast and I’m closing this idea because I don’t think it will play out. Bitcoin might now be forming a correction in the form of an ABC pattern, rather than the ABCDE triangle I previously expected. This means the correction could be larger than it would have been if it were a full ABCDE triangle
6+ years in trading. I read the charts like stories and share the ones worth telling
Related publications
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.
6+ years in trading. I read the charts like stories and share the ones worth telling
Related publications
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.