BTC - Make or break going back into channel
Updated
After selling at 9100 due to the divergence, I'm looking at around 8600.
If it breaks green line I wouldn't be surprised if it went down sub 8000.
If it breaks green line I wouldn't be surprised if it went down sub 8000.
Comment
We broke the green line hovering around 8600. Looks like we found a bit of a support, but the risk of going down to 7500 is still there. I am now going to wait to test the cyan line around 7600 and enter on the bounce back up.
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.