Bitcoin continues its sell off on our downtrend from 36K.
Red lines will be our buying points for quick scalping - dont hodl for too long - the market is moving aggressively plan your positions first!
I expect the trend to fall to at least the month LOW of 30K and for a decision to be made there... We could range for a few days in the green zone which is fast becoming the demand zone.
Daily bollinger bands are acting as accurate trend reversals for intraday movements. I will not be entering a trade until we complete this downtrend movement.
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.