This is the inverse chart for bitcoin!
BTC - I see a break of orange trend-line with retest on weekly.
Volume indicates trend change is possible as bitcoin is showing decreasing volume in a downtrend. We know that volume precedes price.
For the bear trend to continue and to go and test the levels above 5800 on the chart; we have to see an increase in selling volume coupled with a violent break of 5800.
BTC - I see a break of orange trend-line with retest on weekly.
Volume indicates trend change is possible as bitcoin is showing decreasing volume in a downtrend. We know that volume precedes price.
For the bear trend to continue and to go and test the levels above 5800 on the chart; we have to see an increase in selling volume coupled with a violent break of 5800.
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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.