BTC-USD not out of the woods. Strong downward channel still here
I believe BTC-USD is not out of the woods. Strong downward channel still in place. Latest rally would have to intensify and lift BTC price above ~4500 USD/BTC in the following days. If not I think the larger trend will kick in again and bring BTC down below 2000 USD in the next month to come...
Bearish Divergence also visible on the RSI
Bearish Divergence also visible on the RSI
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.