BTC just retested an upward trendline. After such a strong move over the past month and a half, I'll be watching closely to see if it breaks down below this trend line to the previous short down trend line.
If we break the trendline down, for me tp1 is the daily 50 ema (~40k) and tp2 will be retesting the last trendline (~29k).
Anything below 28k and 20k is fair game again
If we break the trendline down, for me tp1 is the daily 50 ema (~40k) and tp2 will be retesting the last trendline (~29k).
Anything below 28k and 20k is fair game again
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Broke below and is retesting trend4hr chart
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30minNote
update with the 4hrNote
Looks like 4hr 200ema held as support.On the daily, there's some resistance here from wicks a few days ago and price action before the peak.
I'll look for it to break up over my trendline before going fully bullish
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Retested trendline, i see more down movement from hereNote
extended trendline, heres 4hr viewNote
ATH marked with green horizontal line
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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.