Looks to me that Bitcoin is at an area that will determine what the crypto markets will be like in the near future. I feel that a close below this area will bring on more bearish sentiment in the crypto market where as holding above this support area could be bullish for the crypto market as a whole. The last test of the diagonal support, back in july, we had a strong bullish divergence. This time its weaker, so we will see soon how it will play out.
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.