BTC getting ready to break the range... to the downside.
BTC has been in an ascending channel ( bear flag ) for 1 month bouncing from top to bottom, top to bottom etc. Time to see upside is almost over, BTC just printed a bearish divergence in OBV in the last move up as well as there is a sell signal in Coppock Curve.
Honestly I don't think we will see new lows based on weekly chart but at least a test to 20800$ with possible extension to 19500$.
Honestly I don't think we will see new lows based on weekly chart but at least a test to 20800$ with possible extension to 19500$.
Note
After almost one month, target and extension hit.Timing for this trade was not perfect but the direction was correct.
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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.