Don't stick the fork in BTC just yet!
As we can see using the pitchfork, BTCUSD is still within its channel dating all the way back to November.
Despite all the bearish divergences and supports being broken, until it closes significantly outside its channel she's still in play.
I would expect it to either bounce off the support around the 52.5k range and head back up, or break through and head south.
๐๐๐๐ค ๐๐ค ๐๐ ๐ฅ ๐๐๐๐๐๐๐๐๐ ๐๐๐ง๐๐๐ ๐๐๐ ๐ ๐๐ ๐๐ ๐ฅ ๐ ๐๐๐๐๐๐๐๐๐ ๐๐๐ง๐๐ค๐ ๐ฃ ๐ ๐ฃ ๐ก๐ฃ๐ ๐๐๐ค๐ค๐๐ ๐๐๐. ๐'๐ ๐๐ฆ๐ค๐ฅ ๐ค๐ ๐๐ ๐๐ ๐ก๐ ๐จ๐๐ฅ๐ ๐ ๐๐ ๐๐ก๐ฆ๐ฅ๐๐ฃ ๐ ๐ ๐ฅ๐๐ ๐๐๐ฅ๐๐ฃ๐๐๐ฅ. ๐ป๐ ๐จ๐๐ฅ๐ ๐ฅ๐๐๐ค ๐จ๐๐๐ฅ ๐ช๐ ๐ฆ ๐จ๐๐๐.
I'm always to open to hear any ideas, criticisms, corrections or comments you may have - I'm no professional - there's always more to learn!
Despite all the bearish divergences and supports being broken, until it closes significantly outside its channel she's still in play.
I would expect it to either bounce off the support around the 52.5k range and head back up, or break through and head south.
๐๐๐๐ค ๐๐ค ๐๐ ๐ฅ ๐๐๐๐๐๐๐๐๐ ๐๐๐ง๐๐๐ ๐๐๐ ๐ ๐๐ ๐๐ ๐ฅ ๐ ๐๐๐๐๐๐๐๐๐ ๐๐๐ง๐๐ค๐ ๐ฃ ๐ ๐ฃ ๐ก๐ฃ๐ ๐๐๐ค๐ค๐๐ ๐๐๐. ๐'๐ ๐๐ฆ๐ค๐ฅ ๐ค๐ ๐๐ ๐๐ ๐ก๐ ๐จ๐๐ฅ๐ ๐ ๐๐ ๐๐ก๐ฆ๐ฅ๐๐ฃ ๐ ๐ ๐ฅ๐๐ ๐๐๐ฅ๐๐ฃ๐๐๐ฅ. ๐ป๐ ๐จ๐๐ฅ๐ ๐ฅ๐๐๐ค ๐จ๐๐๐ฅ ๐ช๐ ๐ฆ ๐จ๐๐๐.
I'm always to open to hear any ideas, criticisms, corrections or comments you may have - I'm no professional - there's always more to learn!
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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.
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.