* Bitcoin in 2H time frame is moving in a channel pattern between two trend-line forming the higher-highs and higher-lows, where the upper trend-line is working as resistance for the price and below trend-line as support.
* Every-time the price moves to break the either of the trend-line it bounces back.
* The 200 EMA which was moving above the price is now below the price as support.
* In order to continue the uptrend Bitcoin needs to move within the pattern or should break the upper trend-line.
* Bitcoin is bearish below the lower trend-line.
* Every-time the price moves to break the either of the trend-line it bounces back.
* The 200 EMA which was moving above the price is now below the price as support.
* In order to continue the uptrend Bitcoin needs to move within the pattern or should break the upper trend-line.
* Bitcoin is bearish below the lower trend-line.
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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.