BTC on bigger timeframes.
As we know BTC fell hard, back in 2018 and this time charts are again telling something like that.
On weekly and monthly timeframes we can see a Deep crab pattern in making that can pull back the BTC to support levels as low as 6k.
But there are few supports along the way too. Specially a pull back to 35k levels is most likely.
If market breaks this 35k resistance than scenario can be different for sure but if it get rejected from this level than the indications are strong of a bearish trend in BTC.
It's not a financial advice just an opinion of mine. DYOR and stay safe. Things are Red out there 😉
On weekly and monthly timeframes we can see a Deep crab pattern in making that can pull back the BTC to support levels as low as 6k.
But there are few supports along the way too. Specially a pull back to 35k levels is most likely.
If market breaks this 35k resistance than scenario can be different for sure but if it get rejected from this level than the indications are strong of a bearish trend in BTC.
It's not a financial advice just an opinion of mine. DYOR and stay safe. Things are Red out there 😉
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.