Because btc pumped above the descending trendline but couldn't remain above the trendline on the day, it seems the bull strength of btc has waned and btc will soon break downwards. The price is currently bouncing off 6150 ever faster, like a bouncy ball dropped on a hard surface, losing height. Once it doesn't have energy to move up again, it will break through the 6150 level.
Note
BTC should descend beneath the triangle soon. There are people waiting to pump it and exit their positions in BTC before the price totally dumps. Really bad time to enter
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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.