It went above the blue line, and finally dropped down it, showing a failed break.
It is usually a symbol of short, meanwhile, the turnover is decreasing means the lack of confidence.
When it reaches 7k, let's see how btc can play the next movement.
Note
Still hold this idea.
There is a divergence between the volume and the price, see the blue line.
Meanwhile, it's close to the bear pressure line.
The time cycle shows it has finished, and is now getting into another cycle, change is undergoing.
Trade closed: stop reached
BTC standed over the pressureline now
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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.