Bearish Divergence on lower time frames.
Bitcoin continues to move up bearish channel without pole trading out of it making lower highs and lower lows. Overall outlook bearish. Also we have major rumors of Binance hack starting to circulate and work its way into the market. As stated before, would not long without clean break above $6,550. Waiting for confirmation of volume below 6,500 before shorting.
Major support between $6,270-6,6250.
I believe the Binance hack has yet fully play out which is a major wild card here. I long without confirmation of a clean break above 6550 is not advisable.
Bitcoin continues to move up bearish channel without pole trading out of it making lower highs and lower lows. Overall outlook bearish. Also we have major rumors of Binance hack starting to circulate and work its way into the market. As stated before, would not long without clean break above $6,550. Waiting for confirmation of volume below 6,500 before shorting.
Major support between $6,270-6,6250.
I believe the Binance hack has yet fully play out which is a major wild card here. I long without confirmation of a clean break above 6550 is not advisable.
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.
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.