Waiting on Trendline Support or Fail For Move
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
This currency is technically is a very large range, and the war isn’t making it get any more steady. Even though my bullish trendline has been very respected, I’m starting to think it may have run out of steam this week.
If my trendline is broken, we’ll probably make it back to 38810 zone and even further down to the 34652 zone.
If the trendline is supported, we should make it to 49188 zone for a solid higher high.
Here are the TPs:
BULL:
• 41620.37
• 43660.12
• 46090.47
• 48781.20
BEAR
• 41056.18
• 39797.61
• 38929.63
• 37150.27
• 35804.90
• 34936.92
