Short
Possible bitcoin downmove. MM buy model. target 240$
It's just a possiblity but judging from higher timeframes, it definitely seems like the move has lost some momentum when it hit the daily MB. This chart is made to describe a potential downtrend in detail. A further uptrend is still possible.
link to chart describing further uptrend:
link to chart describing further uptrend:
Note
DAILY MB can't be seen very clearly so here's a screenshot of where it originates from :)
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Related publications
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.