BTC 3D Chart - Bearish Prospective
Daily close today broke key trend line support. Retest of the ~30K region seems like the likely shorter term outcomes for BTC. Bearish view points to consider over the long run from here if this scenario plays out:
* Trading range Demand zone and fib level golden pocket support around the $28-$30 price region
* Daily OB support at
23K and $19-20K (also prior cycle ATH)
* 200W SMA support (cycle bottom) - NOTE: BTC has wicked to the 300W SMA in the past
APPLY RISK MANAGEMENT ON ANY RELIEF RALLY MOVES
* Trading range Demand zone and fib level golden pocket support around the $28-$30 price region
* Daily OB support at
23K and $19-20K (also prior cycle ATH)* 200W SMA support (cycle bottom) - NOTE: BTC has wicked to the 300W SMA in the past
APPLY RISK MANAGEMENT ON ANY RELIEF RALLY MOVES
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.