BitcoinUpdated Bitcoin - Critical Areas - No support until 17150
Of course, i'm not shorting in this uptrend. However, Bitcoin along with other alts (namely ETH) are showing weakness. It's on BTC to call the shots and in this current area, the moves are large, since there is no support until 17150 (daily candle close). watch for coinciding variables at those levels if we get there. My position is neutral - short term bearish. I do not think we have topped out. There is no sign of a capitchilation event. However, the weekly isn't on the bull's side right now. be patient, look to add to your positions around crticial support, trading with coinciding variables.
Note
We broke downwards....let's see how far we go.
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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.