As Bitcoin nears the Log downtrend, we can also see that we hit perfectly the previous uptrend line. That combined together along with a strong Fibonacci level and the current lack of momentum. To me it looks like we may be seeing a large dump in the near future.. There is still some room for $8550, but be sure to look for any signs of an upcoming dump.
At the moment, it is a No Trade Zone for me.
At the moment, it is a No Trade Zone for me.
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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.