BTC downtrend still in full effect
Today we saw sideways action in a symmetrical triangle formation. Given the low volume of the last few moves this was a given. BTC can easily hit 6000-5800. The ichi cloud was spot on once again. Right before encountering resistance it fell below the cloud. I believe the 7200 was a new low high for us. It will be pivotal that the 5800 support zone remains strong. Lets hope for the best. If anyone has any questions or comments I would love to hear them.
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.