BITCOIN - Demand Line Re-test
Printed a lower wicked hammer candle upon piercing the demand trendline; showing buy pressure coming in.
But it has come straight back down and now hitting the demand trendline again.
So this is looking bearish.
If Bitcoin dumps there is no safe haven in any coin really; all will likely be affected.
But some with stronger charts may rebound well.
Things could get quite nasty if there is a dump through the demand line.
We saw a demand line dump last summer.
It could happen again 🤨.
Not advice
But it has come straight back down and now hitting the demand trendline again.
So this is looking bearish.
If Bitcoin dumps there is no safe haven in any coin really; all will likely be affected.
But some with stronger charts may rebound well.
Things could get quite nasty if there is a dump through the demand line.
We saw a demand line dump last summer.
It could happen again 🤨.
Not advice
Note
Last summer: Note
Yesterday Bitcoin rejected from the demand line; printing a bearish whipsawing Shooting Star candle.So far printing a bearish momentum candle.
Slipping down.
ETH looking strong here btw, but all other altcoins continuing to look dangerous.
TradingView have extended maximum video length so I may make a Bitcoin / crypto video here at some point.
Note
Down we go 😼.Note
Everyone likes to write their own reviews but this was a very accurate dump call on Bitcoin and probably much better than the general dross of TradingView.Dont be shy; hit the BOOST if you agree ✨.
Note
1 hour crypto video: 
Your FA guru can't read a chart💭
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I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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.