#Bitcoin
On the weekly timeframe, there is a strong uptrend, however, there are signs of a slowdown in growth and consolidation at current levels. The confirmation signal will be the closing of the weekly candle below the red TEMA.
During the week, Bitcoin will develop according to the consolidation scenario, within the channel. False breakouts can be in any direction, but the overall sentiment remains bearish. There is a high probability of a sharp downward impulse.
Dotted arrows indicate nearby targets.
Scenario Cancelation level - red line
Scenario Confirmation Level - green line
On the weekly timeframe, there is a strong uptrend, however, there are signs of a slowdown in growth and consolidation at current levels. The confirmation signal will be the closing of the weekly candle below the red TEMA.
During the week, Bitcoin will develop according to the consolidation scenario, within the channel. False breakouts can be in any direction, but the overall sentiment remains bearish. There is a high probability of a sharp downward impulse.
Dotted arrows indicate nearby targets.
Scenario Cancelation level - red line
Scenario Confirmation Level - green line
My TG blog t.me/techhypov
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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.
My TG blog t.me/techhypov
Related publications
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.