Bitcoin - Bitcoin is waiting for an important week!
Bitcoin is below the EMA50 and EMA200 in the 4H timeframe and is trading in its descending channel. After reaching the supply range, Bitcoin has moved in its downtrend and is currently oscillating in its corner pattern
In case of risk off sentiment in the US stock market or withdrawal of capital from Bitcoin ETFs today, we can witness the continuation of the downward trend. You can enter sell trades after breaking the bottom of the specified pattern
In case of risk on sentiment in the US stock market or investing in Bitcoin ETFs has led to the failure of the pattern in the upward direction and it is possible to enter Bitcoin purchase transactions
It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important
In case of risk off sentiment in the US stock market or withdrawal of capital from Bitcoin ETFs today, we can witness the continuation of the downward trend. You can enter sell trades after breaking the bottom of the specified pattern
In case of risk on sentiment in the US stock market or investing in Bitcoin ETFs has led to the failure of the pattern in the upward direction and it is possible to enter Bitcoin purchase transactions
It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important
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.