Goldkodak

I see a us moving below the 8k zone.

Short
COINBASE:BTCUSD   Bitcoin
I am fairly confident that the next 2 months we will see a decrease in bitcoin price. People will be panic selling and strength of bitcoin will get lower. I could see us getting down to the 7k range, I have a purple rectangle where I am assuming price will be going. The reason I feel this way is because of the indecision candle we just made on the monthly, and the shooting star candle on the weekly. Usually we can't assume things with an indecision candle, but with the shooting star candle on the weekly followed by the current red candle and the 6 month run up we just had. I'm about 95% sure we will drop back down to the 7k regions.
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.