Main support at 61.8 and 50 fibo. Nice up-trend channel appeared. It bounced back nicely from the support today. Market is moderately oversold. WE will see how it develops. Stay tunned.
Trade active
We have broken the big channel and small downtrend channel appeared. Trade active
Broke out of the channel but quickly came back. However still rolling on the edge. We will see how it develops.
Note
Previous channel appeared to be too small. This one is bigger and starts from point (A) which seems much more reasonable. BTC is still strugglingTrade active
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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.