Although we had a slight break out of the major falling trend line, it was also riding a back test of the shorter term trend line and unable to follow through. Today it's slipping again. I'm still skeptical we are going to see more weakness in Bitcoin and that the break above the major falling trend line was false. Keep an eye on the macd below for either a neg div or a cross down. For now still remaining neutral and don't see a reasonable risk/reward trade on deck. Let the price do some talking here for a bit
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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.