Bitcoin / TetherUSShort
BTC Starting new downtrend
Cudos to those who longed at 43k yesterday.
BTC is at a critical point where it’s trying to decide the next move. We’ll probably see a retest of the 43k level (0.618 fibo) and from there the next big move. If 43k holds then we may expect a double bottom and a possible uptrend continuation. If it doesn’t hold then a new downtrend is in progress.
For now I’m more with the bears!
Stay strong fellow traders!
BTC is at a critical point where it’s trying to decide the next move. We’ll probably see a retest of the 43k level (0.618 fibo) and from there the next big move. If 43k holds then we may expect a double bottom and a possible uptrend continuation. If it doesn’t hold then a new downtrend is in progress.
For now I’m more with the bears!
Stay strong fellow traders!
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.
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.