Bitcoin Weekly Analysis:
Huge weekly trading range(BLUE BOXES)
2 Legs down, Now at the bottom of trading range
**Market movements usually happens with 2 legs: 2Legs down/2Legs up**
Possible final flag near bottom of range
$24,330 possible bears target(Measured Move)
60% chance of reversal up from bottom of range
Bulls want strong signal bar to enter
**80% of trading range breakouts fail**
Huge weekly trading range(BLUE BOXES)
2 Legs down, Now at the bottom of trading range
**Market movements usually happens with 2 legs: 2Legs down/2Legs up**
Possible final flag near bottom of range
$24,330 possible bears target(Measured Move)
60% chance of reversal up from bottom of range
Bulls want strong signal bar to enter
**80% of trading range breakouts fail**
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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.
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.