Well this seems to be turning into a sticky wicket, as they say in Britain. My idea shows BTC trending down in a a downward channel. I see strong support at the 44943 level, so perhaps a bounce off it to the upside. If not, then continuance of the downtrend until intersecting the long-term trendline in yellow. Perhaps that will halt the descent. If not, then its down to the bottom of the channel, and if BTC breaks through the bottom, then 39000? 37000? 34000? Whatever happens, the universe isn't ending. It will all be ok in the end... Good luck all!
If you agree, or even if you don't but appreciate the effort, please give me a thumbs up!
If you agree, or even if you don't but appreciate the effort, please give me a thumbs up!
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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.