The purpose of this idea is to track the recent bearish trend of the past two weeks, and determine if it's going to break out through the bottom of the longer bullish trend going back to January 1st. I've picked April 1st as the day this chart should indicate, rather clearly, if we remain in the long-term bullish trend toward $60-70k. Or will BTC break through the bottom of that channel, suggesting a continuation of the recent bearish trend?
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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.