BTC how low can you go? Still more downside
If you refer to my previous chart posted you will see how I isolated the breakdown, and what a dump it was! I have left the curved trend lines which represent support and resistance, and in this chart I have extended the white curved trend line which is resistance, and we can see how the trend is curving down.
I believe this white line is a solid resistance in light of how the candles have been trending. On bigger time frames it can be difficult to ascertain direction however; smaller time frames allow us to see early warning signals for big movements.
This is a short guys, and we WILL SEE $6,000
Stay safe
I believe this white line is a solid resistance in light of how the candles have been trending. On bigger time frames it can be difficult to ascertain direction however; smaller time frames allow us to see early warning signals for big movements.
This is a short guys, and we WILL SEE $6,000
Stay safe
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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.