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Bitcoin
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BTCUSD 3D

187
Price has slowed down momentum here at the key higher timeframe downtrend structure region. This is a big indication that a potential reversal may be coming, as price is failing to break higher at this key region. A break of the rising channel on the higher timeframe & we may see the sellers come back in to push price lower.
Note
snapshot 4 Hour: Potential scenario here
Profound_Ambition
Bitcoin (Cryptocurrency)BTCUSDcryptodowntrendkeylevelstructureSupply and DemandSupport and ResistanceTrend Analysis

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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.
Bitcoin (Cryptocurrency)BTCUSDcryptodowntrendkeylevelstructureSupply and DemandSupport and ResistanceTrend Analysis
Profound_Ambition

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.