Seems to be a ton of weight downward on this thing.
I drew out what might happen with the moving averages through April. I also mapped out a bunch of possible buy rungs.
Hard to imagine this thing falls below 4800. Realistically, I can see it bottoming out ~5k. That doesn't mean you can't have a freakish bullish 4 hour wick that drops to 3k. In all likelihood, the bull wicks will quickly rebound back into the triangle pattern.
While drawing these lines I was looking at prior huge crashes in BTC's history.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.