Bitcoin - USD
Very clean descending channel in a descending traingle.
This looks so bullish to me.
We had a clean bounce on that bottom trend line.
We had a bounce on that order block.
But also we had a bounce at the 0.618 (max retracement zone)
As you can see in the chart.
Maybe we can go 1 leg down.. I don't quite believe in it myself but I would never rule it out.
But I will put a smaller TimeFrame chart in the comment here below,
to show u guys some support zones.
This looks so bullish to me.
We had a clean bounce on that bottom trend line.
We had a bounce on that order block.
But also we had a bounce at the 0.618 (max retracement zone)
As you can see in the chart.
Maybe we can go 1 leg down.. I don't quite believe in it myself but I would never rule it out.
But I will put a smaller TimeFrame chart in the comment here below,
to show u guys some support zones.
Note
Orderblock is the support zone, also the 0.5 there.
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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.