unless it signals a trend change soon, its going down
its making LL and LH
* That High beginning of March was a Higher High but it couldnt make a Higher Low and it came crashing down, but at least it tried to break the downtrend. a few months ago i said long term, the bottom was in, i still believe that *Long Term the bottom is in (5,000-6,000) but remember. Indicators indicate, they dont dictate. so you make decisions based on the signs it gives you.
THE MOST IMPORTANT THING IS THAT RED RESISTANCE LINE, THE ONE GOING DOWN, IT TOUCHED 3 TIMES, IT NEEDS TO COME BREAK THAT TO CHANGE THE TREND
* That High beginning of March was a Higher High but it couldnt make a Higher Low and it came crashing down, but at least it tried to break the downtrend. a few months ago i said long term, the bottom was in, i still believe that *Long Term the bottom is in (5,000-6,000) but remember. Indicators indicate, they dont dictate. so you make decisions based on the signs it gives you.
THE MOST IMPORTANT THING IS THAT RED RESISTANCE LINE, THE ONE GOING DOWN, IT TOUCHED 3 TIMES, IT NEEDS TO COME BREAK THAT TO CHANGE THE TREND
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.