Bitcoin has been within this broadening channel for nearly a year now and it is currently on the trendline within the channel. Price has not gone above this level for over 200 days! With that being said it is very likely that bitcoin rejects this level again and paints a new lower low. Keep your eyes on this one, it has a great risk-reward and an even better...
As you can see, Ripple has been downtrending for over a year within this channel. We are now seeing another continuation pattern forming and the outer trendline is not far away. The bears are putting pressure and a downward swing is ultimately inevitable in due time. Let me know what you guys think in the comments!
Silver has a strong bullish moment due to the current economic conditions we are facing due to COVID's impact. Metals balloon in value during a recession which is what we are seeing on silver. The technicals show a shift in momentum in the bull's favor. The 200 and 50 ema have just crossed which further increases the likelihood of a bullish move. Trade...
Bitcoin is currently showing signs of weakness in the lower time frames. Price has rejected the trendline on this broadening channel. With that being said it is likely that bitcoin will go down and reach record lows again! Let me know what your thoughts are below!