The red trendline which acted as support for very long is now a resistance, BTC has to come down to lower supports before moving higher. 12.4k is most probably a lower high for now. It might bang against it a couple of more times but its not getting past it for now.
XBTUSD
XBTUSDNote
If you like my ideas, please do leave a like guys! Would very much appreciate the support! Any healthy criticism is also most welcome!Note
Would be nice confirmation if day closes below 12216Note
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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.