Back to BTC
So, after some time away - I've been watching BTC periodically - I figured I'd start tracking thoughts again about BTC.
A few days I plotted out the higher lows and the top trendline showing the lower highs which form the wedge you can see.
Although it's broken down, I don't think we will really know the extent of the damage till it breaks below the line indicated. If tht holds, then we're good to go sideways for a bit longer, but if the red continues then we may be testing that $3,200 mark again.
Extra lines showing RSI divergence that you may have seen prior to the $3,200 bottom and turnaround, something I didn't notice before, and something you can only really confirm afterward anyway.
A few days I plotted out the higher lows and the top trendline showing the lower highs which form the wedge you can see.
Although it's broken down, I don't think we will really know the extent of the damage till it breaks below the line indicated. If tht holds, then we're good to go sideways for a bit longer, but if the red continues then we may be testing that $3,200 mark again.
Extra lines showing RSI divergence that you may have seen prior to the $3,200 bottom and turnaround, something I didn't notice before, and something you can only really confirm afterward anyway.
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.