BTCUSD broke down from its rising wedge alongside bearish divergence. It is now sitting on the 50MA. The Demand Index shows week demand, RSI strength is below 50. For these reasons, I don't expect the 50MA to hold much longer, bringing btc to my two targets of $56,425.00, and $53,833.22.Note
bitcoin hit my targets, and the crash gave shorts tow bonus targets for triple profits. Note
*two
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.
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.