lowstrife

Green Channel vs Red Flag for the Daily Outlook

BITSTAMP:BTCUSD   Bitcoin
Will the 51MA and bearish trendline provide enough resistance to keep us below the 61.8% retracement to re-test the bullish trend? Or will the Green untested channel provide enough strength to carry onward to the next target.

If $660 (683) breaks, expect $900's. If $550 (540) breaks, expect $400's.

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.