Hello everyone
In BTC we have a downtrend since 2019 Price is respecting this downtrend trend line
and BTC started a uptrend in march
and so far uptrend is intact However price seems to be in a tringle for a critical decision point
Watch price action for more clear path
Watch chart notes for more detail
Daily close candle is very important
If we close below this tringle we will head to demand zone
If we close upper side of the tringle we will make a new high
for any question feel free to ask :)
In BTC we have a downtrend since 2019 Price is respecting this downtrend trend line
and BTC started a uptrend in march
and so far uptrend is intact However price seems to be in a tringle for a critical decision point
Watch price action for more clear path
Watch chart notes for more detail
Daily close candle is very important
If we close below this tringle we will head to demand zone
If we close upper side of the tringle we will make a new high
for any question feel free to ask :)
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.
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.