I am of the opinion that BTC may continue with the downtrend. We are already seeing several daily candle closing below the trendline but the FVG is still not violated.
If the weekly candle closes below the trendline with an aggressive bullish candle and the next weekly candle closes below the FVG, then we should be ready for more downside probably back to the very origin of the current bullish run.
If the weekly candle closes below the trendline with an aggressive bullish candle and the next weekly candle closes below the FVG, then we should be ready for more downside probably back to the very origin of the current bullish run.
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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.