BitcoinShort
Bitcoin 1 Hour: Exact Same Downslope
Updated
Bitcoin's one-hour trend is showing the exact same downslope (degrees change with chart resolution, but the relative lines stay the same) as the chart demonstrated mid-April. This may indicate more trying times to come, at least in the short term.
The make-or-break is still $27250. A fall below that critical support level might trigger a more prolonged downtrend. One the other hand, a run above $30000 is still the zone where I will enter longs.
Happy Wednesday & happy trading!
wbburgin
The make-or-break is still $27250. A fall below that critical support level might trigger a more prolonged downtrend. One the other hand, a run above $30000 is still the zone where I will enter longs.
Happy Wednesday & happy trading!
wbburgin
Note
Great to see that BTC broke through the downward channel, longs have been opened again.Note
Correction: longs not opened but watching if it can cross the volatility MA once again. Trend is uncertain because it looks like it's been rejected by the 100-hour volatility-weighted MA three times.
FAQ: I am gradually phasing out my Patreon because of the time it takes to maintain.
BTC: 35PdMMMXFCvPjXKwn8wsRFNwMEPgStaKUJ
Test my strategies on CryptoRobotics: cryptorobotics.co/?trade=f23b09
BTC: 35PdMMMXFCvPjXKwn8wsRFNwMEPgStaKUJ
Test my strategies on CryptoRobotics: cryptorobotics.co/?trade=f23b09
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