BTC/USD
Bears are still in control within this falling channel. We are clearly seeing the Bear cross of 50 Day MA, 100 Day MA with the 200 Day MA.
This only means that the market trend is down with the series of Lower Highs and Lower Lows.
As long as we keep making this type of price action priority is downward momentum.
I will only go Bullish is we break outside this Channel and make a Higher High then Higher Low.
Temporary down target is $6500s - $6200s
Don't forget to click on the thumbs up button
Follow my channel for future Altcoins TA updates
tradingview.com/u/PolarHusk
Join Free Trading Community Chat Group
t.me/kryptosignalschat
Trading is simple, don't over complicate things :)
Bears are still in control within this falling channel. We are clearly seeing the Bear cross of 50 Day MA, 100 Day MA with the 200 Day MA.
This only means that the market trend is down with the series of Lower Highs and Lower Lows.
As long as we keep making this type of price action priority is downward momentum.
I will only go Bullish is we break outside this Channel and make a Higher High then Higher Low.
Temporary down target is $6500s - $6200s
Don't forget to click on the thumbs up button
Follow my channel for future Altcoins TA updates
tradingview.com/u/PolarHusk
Join Free Trading Community Chat Group
t.me/kryptosignalschat
Trading is simple, don't over complicate things :)
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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.
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.