BTC (up, down up, or down?)
There are three likely possibilities here:
1) Breakout sooner than later
2) Lower, then higher to a possible breakout (a finessing)
3) Lower and lower.
Keep an eye on price action and volume as usual. I'm leaning towards 2, given that we're in a bullish trend that seems to be weakening, but ya never know. Can BTC break above these moving averages acting as resistance? Let's see! Good luck traders!
1) Breakout sooner than later
2) Lower, then higher to a possible breakout (a finessing)
3) Lower and lower.
Keep an eye on price action and volume as usual. I'm leaning towards 2, given that we're in a bullish trend that seems to be weakening, but ya never know. Can BTC break above these moving averages acting as resistance? Let's see! Good luck traders!
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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.