* 1D
There was a big short as BTC broke out of the long-term upward trend line.
This trend line has played a very important support, and it will take some time to turn upward again.
* 4H
Currently, the bottom support zone has been tested twice, and the probability of going to touch the top resistance seems high.
* 1H
According to the one-hour chart, the short-term downward trend line has been broken and supported, and the key is to break the $26200 mark.
+ Bitcoin Dominance also fell during the fall, which is likely to result in a stronger Altcoin rebound.
Note
TP1 reached.
It's up about $750.
Note
TP2 reached.
It's up about $1300.
Trade closed: target reached
TP3 reached.
It's up about $2000.
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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.