Bitcoin / TetherUSSingkat
BTC Moving Down the Channel
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Bitcoin is in a downtrend.
After reaching a new a new low ($45,467), BTC bounced back into the middle of the channel and into the value area. With momentum and volume, the naked POC (TP1) or the POC (TP2) may be touched, and a bounce back into the channel and downward may ensue.
Conversely, if the VAH is flipped, we may see acceptance into a new channel with the possibility of higher highs.
Happy trading.
-Melonfarmer
After reaching a new a new low ($45,467), BTC bounced back into the middle of the channel and into the value area. With momentum and volume, the naked POC (TP1) or the POC (TP2) may be touched, and a bounce back into the channel and downward may ensue.
Conversely, if the VAH is flipped, we may see acceptance into a new channel with the possibility of higher highs.
Happy trading.
-Melonfarmer
Nota
The levels have been somewhat respected, although the value area was not filled and the nPOC was not touched. After a fall to the daily support of $46,000, a short squeeze may push prices back toward to the top of the channel.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.