BTCUSD ❕ downward channel
Bitcoin is moving in a downward channel.
Price did not hold 50MA and went down (4H TF)
Trading volumes are down.
TD Sequential indicator has formed a reversal signal down (30m TF)
BTC is trying to hold the lower liquidity boundary.
I expect that from the current levels the price will test the resistance level and after fixing under it will continue to decline.
Price did not hold 50MA and went down (4H TF)
Trading volumes are down.
TD Sequential indicator has formed a reversal signal down (30m TF)
BTC is trying to hold the lower liquidity boundary.
I expect that from the current levels the price will test the resistance level and after fixing under it will continue to decline.
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.