BitcoinUpdated Longing for Sats #3 - BTC Analysis
I've watching BTC in this parallel channel. Yesterday it seemed like we might break down but it looks like we're bouncing right off of the 50 ma (in red). I'm remaining super bullish short/mid term as long as we stay in this channel.
Note
BTC is still looking good in the channel!Trade active
Observations: The daily close outside of the channel (on April 17th) brought the whole market down. BTC finally posted a lower low on the RSI and had a nice bounce off of the support I drew at ~48500
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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.