Bitcoin has broken through the downward channel. Price broke down 200MA (1H TF) Trading volumes are rising as price falls. TD Sequential - reversal signal downwards (1H TF) Price has broken out of the oversold RSI zone (1D TF) Volatility has declined. BTC in the oversold zone of the BB indicator (4H TF) TD Sequential - reversal signal up (30m TF) Price is oversold on RSI (30m TF) I expect that from the current levels the price will test the resistance level, but after fixing under it will continue to decline.
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.