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
Not
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.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.