BTC downtrend channel
We are still inside a downtrend channel
RSI same as last year in behaviour
Must conquer MA200 to move ahead
I believe short first to test support then measured move up past MA200
RSI same as last year in behaviour
Must conquer MA200 to move ahead
I believe short first to test support then measured move up past MA200
Note
COMMENT: Bitcoin did indeed decline to 8300 and make a measured move up over 200 MA
See my former Bitcoin Descending Wedge Idea
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.