Critical BTC trendline cross tmrw 6pm pst
Hey guys, looks like I had the right lines but the wrong idea s last time. Considering these trend lines have shown themselves to be pretty powerful, i would expect the crossing tmrw at 6pm pst (red and blue) be critical to watch. We can bounce down and confirm back into our less aggressive bearish channel from earlier (green blue) or test new highs. although there is still bearish divergence on the day charts and the volume doesn't looks great, it's not out of the question considering it is btc. but because of these factors it's still so risky medium term. i am personally bullish ultra long term on btc but i can't with a good conscious recommend people enter the market at these prices considering historical factors in addition to technicals. patient people will find the time to enter, and they will hold the best.
if we confirm upwards i'd target 58.9k and downwards 54k within a day or so
let me know what you think of my thoughts, remember, i'm just some dude on the internet
if we confirm upwards i'd target 58.9k and downwards 54k within a day or so
let me know what you think of my thoughts, remember, i'm just some dude on the internet
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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.