BTC may see one more lower low

Updated

BTC is nearing the end of the descending channel formation. We are likely to see one more lower low unless the buying volume kicks in.

I am still bullish on BTC and Alts. I do not trade as often anymore.Just waiting for the new market cycle to start.

This is not a financial advice and I am not responsible for any losses may occur.

Note

Early breakout.But it does not look that healthy.I would not be surprised if BTC falls back into the channel

Note

No need to panic sell everything goes as planned.Final shakeout before moon mission.

Note

If btc stabilizes at 6800 we are highly likely to see an upward movement soon.

Pay attention.

Note

Watching btc closely. Volume is super low. I would wait a bit longer before buying.

Note

Free falling again.Expect to see are jump from 5400-5500 levels.

Btc does not look good.Consider holding some usdt until we find the bottom

satoshimoto

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.