Bitcoin looks to test the bottom of our channel once again at around 54k and declining. Below that we have our 50 week moving average at 53.3k. It is possible that the bears make one more attempt to provide a solid kiss to our neckline at 48.4k. These are your levels of support.
As such I have removed all stops from my current positions. This is probably simply another long liquidation event and it is more than annoying. I don’t want to play that game and will sit the sidelines here until the MMs are done.
As such I have removed all stops from my current positions. This is probably simply another long liquidation event and it is more than annoying. I don’t want to play that game and will sit the sidelines here until the MMs are done.
Note
Bottom of the channel. Will it hold?Note
Now at 50 week moving avg. 48.4k next?
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Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
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Prophesying the price action of markets one chart at a time.
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Related publications
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.