Bitcoin chilling at lows can we bounce or down-only?
Updated
Bitcoin is back into sideway PA.
Macro trend and lagging indicators still looking bearish.
However, I see the chance that while trading above 16.2 we have shoot at trying the upper ranges like 17.6 or the 18.4.
Check the video for more nuance talk through some of the data I look at and the technical structure I am currently paying attention to.
If you want more details and learn about different Bitcoin advanced data points don't forget to check links in signature field.
Macro trend and lagging indicators still looking bearish.
However, I see the chance that while trading above 16.2 we have shoot at trying the upper ranges like 17.6 or the 18.4.
Check the video for more nuance talk through some of the data I look at and the technical structure I am currently paying attention to.
If you want more details and learn about different Bitcoin advanced data points don't forget to check links in signature field.
Comment
Funding Rates looking good as of now. Longs getting paid and Funding Weighted by Open interest are negative (favouring upside)
D7R
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.