Get started
Bitcoin
Updated

BTC in the UH OH Area. The FUD is real. 😭

2 082
Broken below the $41k support area and right through below $40k with a big fat candle.

Will be interesting to see if their is a minor rally, or if we start to see peoples stops getting hit. If we get a waterfall of cascading stops that could build some downside momentum.

Next stop might be $37k and after that who knows.

You still bullish or bearish? Biggest question though - what is everyone else ;)
Note
Bit of a worry that attempt at a break failed so badly and couldn't even make a new high.

snapshot
Note
And there we have it. Complete breakdown once that support had failed and it did indeed hit the next support at $37k as expected.

snapshot
zAngus
NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.

MY SITES:

FIND TRENDING STOCKS: HigherHighs.com/

FIND AND SET TRAILING STOPS: SuperTrail.io

TRADINGVIEW TIPS: YouTube.com/@zAngus
Also on:
Chart PatternsTechnical IndicatorsTrend Analysis

Related publications

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.
Chart PatternsTechnical IndicatorsTrend Analysis
zAngus
NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.

MY SITES:

FIND TRENDING STOCKS: HigherHighs.com/

FIND AND SET TRAILING STOPS: SuperTrail.io

TRADINGVIEW TIPS: YouTube.com/@zAngus
Also on:

Related publications

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.