If yellow line breaks - BTC to 32k - COIN breaks 150, buy puts
It looks like the consolidation (loosely a rising channel) stopped when price hit the 200sma (red arrow). That may have begun a move lower, which if it continues can retest 32,000 and likely break lower in a sell off.
COIN daily chart shows potential to break 150 and 30min chart has bearish MA's and RSI.
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.