BitcoinShort
Bearish BTCUSD
Major uptrend line broken. Now acting as resistance (as seen on 12/07).
We have seen multiple selloffs like 12/04 get bought up in the past only to continue lower and make new lows (1/11, 2/22, 4/18, 5/19, 9/07).
I shared my weekly chart today as well (link below). Seeing bearish MACD divergence on weekly.
Next levels to watch are good confluence zones 40k and 30k support. Entirely possible we get back to 30k as these divergences are showing a lack of bullish momentum relative to previous runs. And if equities start to fall (today showed slight resistance at these levels) Bitcoin will likely selloff as well.
We have seen multiple selloffs like 12/04 get bought up in the past only to continue lower and make new lows (1/11, 2/22, 4/18, 5/19, 9/07).
I shared my weekly chart today as well (link below). Seeing bearish MACD divergence on weekly.
Next levels to watch are good confluence zones 40k and 30k support. Entirely possible we get back to 30k as these divergences are showing a lack of bullish momentum relative to previous runs. And if equities start to fall (today showed slight resistance at these levels) Bitcoin will likely selloff as well.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.