BitcoinShort
Short term trade BTC
BTC has broken the medium term upwards trendline forming a descending channel. We should expect that it should continue to reach the bottom of this channel. Co-incidentally this channel will intercept the much longer timeframe upwards trendline that formed was back starting April 2nd. This intersection could prove to be a pivotal point in triggering a trend reversal again so I am short to around $8621, then see what happens. If the next green trendline breaks also then it's going way down...
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.