Bitcoin hanging on by a thread on the 4H time frame. I'm expecting further downside on the 4H but accumulation on higher time frames resulting in a lower high. Expect the alts to follow the trend even YFI looks like it's ready to drop.
Note
Near the bottom of the purple box
Note
Hope you were paying attention... Bitcoin went into the purple box and tested the bottom This is important as it hit the .618 fib like a bullseye. Then, rallied up to the green box and is testing 25k as resistance. Picture perfect, textbook TA!
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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.