BitcoinShort
Bitstamp: slow motion roll-over
My previous chart targets were set with the expectation that price would have much more momentum returning to the >430 range. That has proven not to be the case. All signs point to that we *could* break out... yet we don't. And now we're hung up on the low end of a previous trend channel.
As long as we stay below that purple channel line- my short term target is just above 430; where we could expect to see a bounce off the red trendline for a quick profit before continuing lower. (expanded view of the trend channel: tradingview.com/x/fRzhGJGo/)
As long as we stay below that purple channel line- my short term target is just above 430; where we could expect to see a bounce off the red trendline for a quick profit before continuing lower. (expanded view of the trend channel: tradingview.com/x/fRzhGJGo/)
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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.