Hello trading friends,
This is a daily update for BTC with the title: what happened to BTC?
We did add before about the 42700 trends and that trend is a confirmation zone - where it should get confirmed and that the only reason to check BTC from that zone - BTC did unexpected hit the target of 42700 - and from there it did confirm the time frame of 4H and did breakdown further - this all could be depending on the miners selling trend and the last trend of stock markets.
But more important what next?
Depending on the long term we are still into the green cycle - On the live trend we are into the breakdown trend and it's confirmed. we should see how this weekend the crypto market will change, and specialty the Monday.
This downtrend did come unexpectedly after the ATH news of the mining trend.
Have a great day
This is not a trading call - manage always your risk.
This is a daily update for BTC with the title: what happened to BTC?
We did add before about the 42700 trends and that trend is a confirmation zone - where it should get confirmed and that the only reason to check BTC from that zone - BTC did unexpected hit the target of 42700 - and from there it did confirm the time frame of 4H and did breakdown further - this all could be depending on the miners selling trend and the last trend of stock markets.
But more important what next?
Depending on the long term we are still into the green cycle - On the live trend we are into the breakdown trend and it's confirmed. we should see how this weekend the crypto market will change, and specialty the Monday.
This downtrend did come unexpectedly after the ATH news of the mining trend.
Have a great day
This is not a trading call - manage always your risk.
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.
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.