Legend
Green and Red trend lines are medium timeframe
Blue and Magenta solid trend lines are longer timeframe in coalition with 2017's bull market
Blue support trendline is drawn through the bottom of 4k to this last pump
BTC seems to be stuck in this bearish channel, I'm expecting a test of resistance red trend line around 8700 and then head towards .618 8300 retracement of this last pump
happy trading
Green and Red trend lines are medium timeframe
Blue and Magenta solid trend lines are longer timeframe in coalition with 2017's bull market
Blue support trendline is drawn through the bottom of 4k to this last pump
BTC seems to be stuck in this bearish channel, I'm expecting a test of resistance red trend line around 8700 and then head towards .618 8300 retracement of this last pumphappy trading
Note
Here's my weekly
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Related publications
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.