Bitcoin is currently consolidating at a key level. If price action starts pushing down from here we will have a another big leg down. A break to the upside will justify shorter term dip buying.
Lets not get this wrong. On the bigger time-frames bitcoin is a wait and see.
Lets not get this wrong. On the bigger time-frames bitcoin is a wait and see.
Trade active
Momentum now shifted to the downside. A short here might prove to be profitable. Stop above the last wick.
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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.