BTCUSD - trend analysis
Just like everybody else in this market, I'l also looking at this chart and trying to piece things together..
I'm using some different settings and ideas to see if anything makes sense, of course anything can happen so we just need to responsible for our decisions during the current state of the market (if we decide to participate)
The yellow region is a price trend projection I have set up from last year (without the bullrun we experienced), I know the region is wide; but it is what is it..
it appears to be acting as a support now; of course this just might be a coincidence at best, however I think it's worth keeping in mind
The blue box region is the price where I personally think we might drop to if the current downward trendline holds and pushes the price further down
Generally I am bullish on crypto as a whole in the long run;
I noted down also the g20 meets as definitely the 3rd meet in particular, which will have updates regarding the regulation of cryptos..
We are definitely reaching a point where we will see a shift in the market, whatever that might mean..
I'm using some different settings and ideas to see if anything makes sense, of course anything can happen so we just need to responsible for our decisions during the current state of the market (if we decide to participate)
The yellow region is a price trend projection I have set up from last year (without the bullrun we experienced), I know the region is wide; but it is what is it..
it appears to be acting as a support now; of course this just might be a coincidence at best, however I think it's worth keeping in mind
The blue box region is the price where I personally think we might drop to if the current downward trendline holds and pushes the price further down
Generally I am bullish on crypto as a whole in the long run;
I noted down also the g20 meets as definitely the 3rd meet in particular, which will have updates regarding the regulation of cryptos..
We are definitely reaching a point where we will see a shift in the market, whatever that might mean..
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.