TV288

Bitcoin probably in a downtrend channel

BITFINEX:BTCUSD   Bitcoin
So, I will make this one short. Bitcoin is probably trading in a downtrend channel, I'm looking at ~14k for another leg down. Downtrend channels tend to break to the upside (they also can break to the downside, most of the times with a fast and aggressive dump), but pretty sure this one is going to break upwards, can't tell when, but if we see some sort of bottom formation around 14k (if we get there) it would be a first step. Could take another month or two.

Stay safe.
Pernyataan Penyangkalan

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.