Btc has been in a downtrend, which moved into a parallel channel recently, Today it broke downwards out of that channel again, and continued along the downtrend trajectory.
However it has hit a point of consolidation, and now looks to be bouncing back up.
I predict we will come back up around $55k to retest the previous area of support, to confirm as resistance, therefore a quick scalp is on the table to the upside...
Always DYOR
However it has hit a point of consolidation, and now looks to be bouncing back up.
I predict we will come back up around $55k to retest the previous area of support, to confirm as resistance, therefore a quick scalp is on the table to the upside...
Always DYOR
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Come join me over at Cryptohub - The number 1 place for all things Crypto:
discord.gg/cryptohub
discord.gg/cryptohub
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.