I have decided to just use the 12H charts as you can time longer term trends better.
Bitcoin is at an inflection point, yes we can either go up or down, but down is more likely. If it was to go up then I want to see a close above the 30 EMA on the 12H chart.
The next obvious support is at 7400.
Bitcoin is at an inflection point, yes we can either go up or down, but down is more likely. If it was to go up then I want to see a close above the 30 EMA on the 12H chart.
The next obvious support is at 7400.
Note
Pretty much all alt coins are also at the same inflection point waiting to go down.Note
Temporary support reached, sideways before the next move, most likely down.
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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.