It’s good to see bitcoin creating a higher low for the first time in months but things still aren’t looking all too good. If bitcoin retests the .382 fib (9,500) and we break below I’d like to see the 200 MA (7,200) move up to meet us at or around the bottom of this trend line.
Note
As far as market cypher readings go the 4 hour printed a blood diamondNote
The previous trend line I had drawn in was a bottom of about 10k
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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.