BitcoinDiupdate BTC - Market Structure: Update
Bitcoin continues to sit at the top of the descending channel, indicating further declines over the coming months based on historical ATH market top formations.
Still a chance for a sustained bull run with Equities but history points to a collapse with added downward pressure on ALTs.
No trade until the trend is clear - Best of luck to the bulls but bears might break ALT supports and send the market down over the next few weeks.
Best, Hard Forky
Bottom of Channel and 30k Target
https://www.tradingview.com/chart/BTCUSD/1YDcjQSH-BTC-2023-30k-viable-if-BTC-can-quickly-capture-18k/
Middle of Channel and 30k Target
Top of Channel with $30 Target reached
Still a chance for a sustained bull run with Equities but history points to a collapse with added downward pressure on ALTs.
No trade until the trend is clear - Best of luck to the bulls but bears might break ALT supports and send the market down over the next few weeks.
Best, Hard Forky
Bottom of Channel and 30k Target
https://www.tradingview.com/chart/BTCUSD/1YDcjQSH-BTC-2023-30k-viable-if-BTC-can-quickly-capture-18k/
Middle of Channel and 30k Target
Top of Channel with $30 Target reached
Catatan
break from trend but forming a reversal candle on the weeklyCatatan
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.