Short Term price recovery but midterm price breakout
current downtrend was caused by a bearish rectangle / and the double top
Currently there is a gartley bat / cypher armornic pattern that might complete at 6900usd which could mean a short term price recovery but the resistance will probably make that the price fall to(or below) trendline
if the 6900usd support is broken,is possible that BTC might drop to 6000usd, if it drops from current trend line is better to sell,because the RSI doesnt show BTC has finished to be oversold
Currently there is a gartley bat / cypher armornic pattern that might complete at 6900usd which could mean a short term price recovery but the resistance will probably make that the price fall to(or below) trendline
if the 6900usd support is broken,is possible that BTC might drop to 6000usd, if it drops from current trend line is better to sell,because the RSI doesnt show BTC has finished to be oversold
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.