Playing devils advocate. I said if 
BTCUSD broke through the downtrend channel from the 20k all time high. My views will change. This channel is lasting about 70 weeks. The next steps for Bitcoin seem to be testing the upper limit of this well established downtrend channel. More info on this trend channel can be found on my charts HERE and HERE.
[img]
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The squeeze momentum indicator is pointing to positive volatility. More info on the SMI indicator HERE. I would appreciate the likes on that chart. The trend line established for
LTCUSD had held for 281 days. Here is BTCUSD's SMI on the macro view.
[img]
[/img]
Right now we are about to test the arbitrary 50/100 ema bullish crossover.
[img]
[/img]
Things could possibly start to look promising. Maybe, possibly.... At the very least, possibly maybe not?. ¯\_( -_- )_/¯
BTCUSD broke through the downtrend channel from the 20k all time high. My views will change. This channel is lasting about 70 weeks. The next steps for Bitcoin seem to be testing the upper limit of this well established downtrend channel. More info on this trend channel can be found on my charts HERE and HERE.[img]
The squeeze momentum indicator is pointing to positive volatility. More info on the SMI indicator HERE. I would appreciate the likes on that chart. The trend line established for
LTCUSD had held for 281 days. Here is BTCUSD's SMI on the macro view. [img]
Right now we are about to test the arbitrary 50/100 ema bullish crossover.
[img]
Things could possibly start to look promising. Maybe, possibly.... At the very least, possibly maybe not?. ¯\_( -_- )_/¯
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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.