Looking at the Daily interval of Bitcoin, we find now the formerly mentioned triangle-support just below us and in reach. Yesterday´s supports did not hold, so obviously it becomes more likely we at least can go to down to that yellow diagonal, where it crosses a secondary trendline. If we are hitting that, we need to wait for potential reversal signs. The "PB" - Pullback and the "RV" - Reversal Volume have been the big warnings here. Please also have a look at the former Chart ideas to get a brief overview of what we are talking about on a smaller timeframe.
Monthly Pivot need´s to be conquered back after we have hit support without much delay, the longer this process takes the more people will start selling.
__________________________
Warm regards,
Neru
Monthly Pivot need´s to be conquered back after we have hit support without much delay, the longer this process takes the more people will start selling.
__________________________
Warm regards,
Neru
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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.