Bitcoin Update BTCUSD
So Bitcoin could be double topping - if it is it only gets
confirmed by a fall below 7347 support line, with first clue a
break below the dynamic support (not relying too much on
the parallel yet until we can see how it responds when
touched, if ever.
The other way out from here is to break above the little
parallel above it and make a blast for 7570...and that looks
more likely. If stopped out earlier or missed the updates, this
is next chance on buy side, other than looking to buy retests
of the blue line at 7426
Please see comment on left for more about breaking 7570.
So Bitcoin could be double topping - if it is it only gets
confirmed by a fall below 7347 support line, with first clue a
break below the dynamic support (not relying too much on
the parallel yet until we can see how it responds when
touched, if ever.
The other way out from here is to break above the little
parallel above it and make a blast for 7570...and that looks
more likely. If stopped out earlier or missed the updates, this
is next chance on buy side, other than looking to buy retests
of the blue line at 7426
Please see comment on left for more about breaking 7570.
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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.
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.