thedude31

Bitcoin Bottom? Updated with worst case scenario

Long
BITSTAMP:BTCUSD   Bitcoin
4hr chart adding in what I think is worse scenario. Save some chips or you can’t buy the dip. I still think we reverse here but follow the lines. If breached and retested likely going to the bottom of the next box.

Assuming we continue the long term bullish scenario Bitcoin shouldn’t breach these last two added trend lines. If you zoom out. You can see it connects with the impulse low of 2018. The top of this channel connects back to the early days of Bitcoin.

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.