BTC Trendline Support

14 Ağu 2024

This is one of my previous ideas, the paths near the top are from that. I still think those paths are valid, but if we zoom in on the 15m we can see what I think will be important trendline support. If it breaks to the downside, I'd be expecting a move back to demand near 50k again and I'd look for shorts on COIN if it did break and retest as shown here. I typically always just trade COIN instead of BTC if the charts are tracking properly.

16 Ağu 2024

Not

Well this did not end up being very clean, nothing was towards the end of the week as you would expect with OPEX. Today was pretty awful, but I think we'll see some good movement next week. BTC is basically in the same place it was when I posted this idea for now.