Similar situation to January: we had BTC trading in a range for a few weeks, then briefly breaking below support, with people calling for targets in low 30K, which turned out to be a fakeout, and a new swing trade bottom. Look for BTC to bottom in the yellow circle early next week.
Additionally, let's see if the blue channel I drew is valid. Price touching the lower trendline, and strongly reversing would be very neat.
Additionally, let's see if the blue channel I drew is valid. Price touching the lower trendline, and strongly reversing would be very neat.
Note
Looking for a test of lower blue trendline
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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.