*** BTC: Downtrend in Uptrend ***
As you see BTC moves regular in its way. Generally there is a uptrend chanel in 4hrs timeframe which started almost 2 months ago and valid yet. If focus in 1hr timeframe we have a downtrend chanel which started almost 4 days ago. But BTC will arrive to midline of 4hrs chanel and at the same time to top of 1hr chanel soon. There are two possible ways to go; if it breaks 1hr chanel may goes up to top of 4hrs chanel (around 25100), else continues slowly to bottom (around 20000).
*This is just my idea, do your own research.
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.