BitcoinShort
BTC / USDT (Interval 1D, 1M)
1D Review
On a daily chart price is moving inside ascending channel, Last time price bounced back from the bottom of channel and went to the top but was unsuccessful in breaking out. This time price will attempt to break down from the channel once again and if successful then we are in for lengthy bearish trend.
1 Month Review
On a monthly chart we see a bearish MACD after 2 years and 1 month which suggests that the bearish trend will be minimum 2-3 months, Maximum 6 months to 1 year. Further confirmation will be done after a week on monthly close.
On a daily chart price is moving inside ascending channel, Last time price bounced back from the bottom of channel and went to the top but was unsuccessful in breaking out. This time price will attempt to break down from the channel once again and if successful then we are in for lengthy bearish trend.
1 Month Review
On a monthly chart we see a bearish MACD after 2 years and 1 month which suggests that the bearish trend will be minimum 2-3 months, Maximum 6 months to 1 year. Further confirmation will be done after a week on monthly close.
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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.
if you want to get daily future/spot calls, Join our Premium discord by clicking on the following link
discord.gg/v7xWC7XDpN
discord.gg/v7xWC7XDpN
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.