There are a few things happening in the chart:
1. BTC needs to close this week's weekly candle above 46000 in order for the Macro Cup and Handle Pattern (started 04/12) to still be valid
2. BTC has a price target out of this head and shoulders pattern (10/15-12/03) at 38600. It should reach that target on 12/06
3. BTC needs to find support above the .5 (50109) and .618 (52275) fib levels in order to avoid a dead cat bounce scenario
4. If BTC breaks down further, it has strong support around 30000. This is supported by previous support (05/19 - 07/21) and support from this descending broadening bottom pattern (started 11/09)
1. BTC needs to close this week's weekly candle above 46000 in order for the Macro Cup and Handle Pattern (started 04/12) to still be valid
2. BTC has a price target out of this head and shoulders pattern (10/15-12/03) at 38600. It should reach that target on 12/06
3. BTC needs to find support above the .5 (50109) and .618 (52275) fib levels in order to avoid a dead cat bounce scenario
4. If BTC breaks down further, it has strong support around 30000. This is supported by previous support (05/19 - 07/21) and support from this descending broadening bottom pattern (started 11/09)
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.