BitcoinShort
BITCOIN Moving Lower to $21,500
BTC Weekly Quick Analysis
What Seems Legit?
A move lower. Look bruv we gotta get honest here. We want a BTC Moonsoon too, but, BTC broke it's trend line lower on a clearly defined candle. It has retested and rejected the trend line with selling pressure; the candle hasn't closed but it's not looking good bruv. The RSI has a clear divergence from the price and has also moved below the 50 level. and.. it's retesting our only hope of a support.. again.
Chart Key
Yellow Solid = Major Trend Line
Aqua Solid = Divergences
White Dotted = Support / Bounce Area
Green Boxes = Supports / Target Areas
What Seems Legit?
A move lower. Look bruv we gotta get honest here. We want a BTC Moonsoon too, but, BTC broke it's trend line lower on a clearly defined candle. It has retested and rejected the trend line with selling pressure; the candle hasn't closed but it's not looking good bruv. The RSI has a clear divergence from the price and has also moved below the 50 level. and.. it's retesting our only hope of a support.. again.
Chart Key
Yellow Solid = Major Trend Line
Aqua Solid = Divergences
White Dotted = Support / Bounce Area
Green Boxes = Supports / Target Areas
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.