Bitcoin / TetherUSShort
Retest of lower trendline
BTC is retesting the lower trendline (previous support) after breaking below it. As of now, this trendline is acting as a resistance, and if it continues to do so, we might be headed into the 46k range.
Yesterday I made a post saying BTC was gonna bounce off the bottom of the parallel channel and it did. Now its near the top of the channel so that's another reason I'm expecting BTC to pull back.
Yesterday I made a post saying BTC was gonna bounce off the bottom of the parallel channel and it did. Now its near the top of the channel so that's another reason I'm expecting BTC to pull back.
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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.