After a strong bounce from 4H SMA50 at 30k level Bitcoin formed a bearish gartley. Indicators on 1H time frame support corrective move, in addition 1D MACD just made a bearish crossover. Overall trend is still bullish, but it feels like this market needs a little cooldown and maybe a consolidation at 33-35k.
Trade closed: target reached
Related publications
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.