LeoWolfie

BTC Retesting the breakout trendline

BINANCE:BTCBUSD   None
Bitcoin broke its current downtrend line last day and now its retesting the trendline to take the support. An entry can be considered here with a very small stoploss. The concerning factor is the RSI is rejecting from the trendline and haven't given a breakout. This analysis will be only valid until the price is above the given trendline.
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.