Bitcoin marked its first red candle in 8 days the previous day. A small uptrend immediately proceeded but BTC took a big tumble beginning shortly after 8am UTC. The market is taking pause right now, likely in anticipation of 8am NYC. Expecting selling to continue throughout the day.
Note
It was unexpected that BTC would rally after 8am NYC hit. I expected a large move but anticipated a continuation of the short term move down. Now, I'm waiting to see if some solid support emerges higher up than previously thought.
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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.