Currently, Bitcoin is setting up for a cliff dive. The downtrend has lasted for several weeks now and it now seems more than ever that it will continue. Keeping a close eye on the potential breakout zone. Anything is possible here but the current most likely scenario would be a move back to the 20-25k region.
A lot of cryptocurrencies are lining up to make similar moves in their respective graphs (see my ideas on DOGE and MATIC), they are not the only examples, just ones I have covered.
Still going short but treading very carefully.
A lot of cryptocurrencies are lining up to make similar moves in their respective graphs (see my ideas on DOGE and MATIC), they are not the only examples, just ones I have covered.
Still going short but treading very carefully.
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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.