Get started
Bitcoin

Few scenarios

By clark05
Updated
I keep hearing a lot of support for a breakout, but I don't see the volume. I think we're more likely to break downward with heavy support around 10,500. If we break that then definitely lower. I've personally pulled out and plan on watching this very closely.
Comment
So, BTC... you've chosen the purple route.. eh?
Comment
Still bearish.. Being that its the weekend, volume is low, MACD looks like its due for another down turn and I'm just not seeing the buying action like we would see on a bull run in the exchanges.. I'm staying out till I see this new level of 11,500 break and become support.
BTCChart PatternsTrend Analysis

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.