No fud out here -- just a vision from the #Colorchart.
Although I would rather see BTC price going back up to the $7445 area, the reality of price action can bring the value of BTC down even if we are hovering above one of my favorite Moving Average which is the Magenta 365MA (the crypto market trades 24/7, so I don't know why everybody talk about a 200MA and 50MA).
Having been going down to $6885 haven't surprised me at all as I put some comments on Youtube Chanel for $6925.01 Short squeeze which didn't happen, we had a small rebound, but I would't short the market between $6925 and $6800.
Have to cut it short as usual, I'll be coming back soon to further my analysis to an eventual $4980 and the Green Upward trendline for support.
The Broadening wedge is delimited by the Yellow Upper Downtrend and the Green Lower Downtrend.
Choose your color wisely
Happy trading to all!!
#G.Baz. ---- #TheColorChartist
Although I would rather see BTC price going back up to the $7445 area, the reality of price action can bring the value of BTC down even if we are hovering above one of my favorite Moving Average which is the Magenta 365MA (the crypto market trades 24/7, so I don't know why everybody talk about a 200MA and 50MA).
Having been going down to $6885 haven't surprised me at all as I put some comments on Youtube Chanel for $6925.01 Short squeeze which didn't happen, we had a small rebound, but I would't short the market between $6925 and $6800.
Have to cut it short as usual, I'll be coming back soon to further my analysis to an eventual $4980 and the Green Upward trendline for support.
The Broadening wedge is delimited by the Yellow Upper Downtrend and the Green Lower Downtrend.
Choose your color wisely
Happy trading to all!!
#G.Baz. ---- #TheColorChartist
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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.