BitcoinUpdated BTC USD
I still have very pessimistic view on BTC USD.
But this is the very optimistic short term view.
BTC USD is just on the main yearly downtrend line(Blue line ; Top to September peak).
If BTC try to sustain is price above the downtrend, it would makes some sidewalk or correction just over the downtrend until it meets the short term upward trend line(yellow).
Eventually BTC(MM) willing to try to show the breakout the whole downtrend to breaking the red line.
The price would be FIB 1.382 or so.
Anyway, GL GL
But this is the very optimistic short term view.
BTC USD is just on the main yearly downtrend line(Blue line ; Top to September peak).
If BTC try to sustain is price above the downtrend, it would makes some sidewalk or correction just over the downtrend until it meets the short term upward trend line(yellow).
Eventually BTC(MM) willing to try to show the breakout the whole downtrend to breaking the red line.
The price would be FIB 1.382 or so.
Anyway, GL GL
Note
short term Bullish divergenceNote
Note
Bullish divergenceNote
Fail to reach the Fib 1.382.
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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.