BTCUSDT: ideal place to bottom BUT sub-12k still probable
BTC in this BTCUSDT weekly chart is stuck between wma200 level of 22k & 18k for now. Unless BTC breaks to one direction, the rest is just noise.
MORE DOWNSIDE RISK? BTC is right now in an ideal spot to bottom out with this M-pattern at very important FIB numbers. (See chart). However, as of 2JUL, it is still unable to reclaim last week’s closing low. If 18k/17k fails, then sub-12k is on the table as measured by the recent range above & below the wma200 pivot level of 22k.
Not trading advice
MORE DOWNSIDE RISK? BTC is right now in an ideal spot to bottom out with this M-pattern at very important FIB numbers. (See chart). However, as of 2JUL, it is still unable to reclaim last week’s closing low. If 18k/17k fails, then sub-12k is on the table as measured by the recent range above & below the wma200 pivot level of 22k.
Not trading advice