Don't stick the fork in BTC just yet!
As we can see using the pitchfork, BTCUSD is still within its channel dating all the way back to November.
Despite all the bearish divergences and supports being broken, until it closes significantly outside its channel she's still in play.
I would expect it to either bounce off the support around the 52.5k range and head back up, or break through and head south.
ππππ€ ππ€ ππ π₯ πππππππππ πππ§πππ πππ π ππ ππ π₯ π πππππππππ πππ§ππ€π π£ π π£ π‘π£π πππ€π€ππ πππ. π'π ππ¦π€π₯ π€π ππ ππ π‘π π¨ππ₯π π ππ ππ‘π¦π₯ππ£ π π π₯ππ πππ₯ππ£πππ₯. π»π π¨ππ₯π π₯πππ€ π¨πππ₯ πͺπ π¦ π¨πππ.
I'm always to open to hear any ideas, criticisms, corrections or comments you may have - I'm no professional - there's always more to learn!
Despite all the bearish divergences and supports being broken, until it closes significantly outside its channel she's still in play.
I would expect it to either bounce off the support around the 52.5k range and head back up, or break through and head south.
ππππ€ ππ€ ππ π₯ πππππππππ πππ§πππ πππ π ππ ππ π₯ π πππππππππ πππ§ππ€π π£ π π£ π‘π£π πππ€π€ππ πππ. π'π ππ¦π€π₯ π€π ππ ππ π‘π π¨ππ₯π π ππ ππ‘π¦π₯ππ£ π π π₯ππ πππ₯ππ£πππ₯. π»π π¨ππ₯π π₯πππ€ π¨πππ₯ πͺπ π¦ π¨πππ.
I'm always to open to hear any ideas, criticisms, corrections or comments you may have - I'm no professional - there's always more to learn!
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.