BitcoinLong
BTC- approaching W trendline on RSI, I don't expect further dump
Last time when BTC had 4 red weeks in a row were when BTC was under 10k!
Consolidation in this weekly support area (+ 0.618 Fib. retracement + Anchored VWAP from last bottoms) and move to upside after it.
Push down to 30-33k would be another 50+ % drop. At the moment I don't expect it. Too many people talk about it, so probable it won't happen. Fear is present. That is good!
Consolidation in this weekly support area (+ 0.618 Fib. retracement + Anchored VWAP from last bottoms) and move to upside after it.
Push down to 30-33k would be another 50+ % drop. At the moment I don't expect it. Too many people talk about it, so probable it won't happen. Fear is present. That is good!
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.