BTC appears to be forming another distribution pattern. Upper Test usually hits above the buying climax, so we could still see that push higher as a bull trap.
That Orange Trendline will provide resistance.
appears a Whale tried to stimulate the boring trading this morning by dumping but quickly bought back in at the 0.618 - might try to dump it again so watch for that.
Good Luck
That Orange Trendline will provide resistance.
appears a Whale tried to stimulate the boring trading this morning by dumping but quickly bought back in at the 0.618 - might try to dump it again so watch for that.
Good Luck
Note
a feeble rally is in play indicating that this may be the last point of supply. Watch the previous support 23000 range is now resistance.
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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.