Watch out because there is a Williams Fractal pattern on 4 hr chart which occurred at February's low (white box enclosed in yellow box, current yellow box not yet fully formed) and may suggest Bitcoin may have found good enough support at $6,583. I've added some Fib levels as alerts to compare with same that happened in Feb.
Note
Above should read $6,533. Sorry.Note
When comparing lows with February's I guess one has to take into account that if looking at the 4 hour chart the price did not move sideways by much until it headed up from lows in February, then maybe the longer the market moves sideways now the greater the chance of another leg down instead.Note
#Bitcoin broke $6,533 no point thinking the market could go up unless it breaks $6,927 just forget it #btc_usd #btcusd #bitcoin #crypto
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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.