Bitcoin lost the most important trendline (orange) on his bull trend. But this is not the end. We fell into support (Old Resistance and VPVR).
We also are forming a channel here which holding us right now.
A closer look at the 4h shows already bullish divergence. (RSI). We are oversold on nearly every timeframe (weekly not). So a bounce can happen anytime. But just to make things clear: If we bounce and go up, we look for shorts and not for longs. You can trade the bounce of course but it is very dangerous. Better wait and see where the price is heading. A relief rally must happen at some point. If you trade it, just be careful.

We also are forming a channel here which holding us right now.
A closer look at the 4h shows already bullish divergence. (RSI). We are oversold on nearly every timeframe (weekly not). So a bounce can happen anytime. But just to make things clear: If we bounce and go up, we look for shorts and not for longs. You can trade the bounce of course but it is very dangerous. Better wait and see where the price is heading. A relief rally must happen at some point. If you trade it, just be careful.
💬 FREE Telegram | t.me/onwardbtc_official
🌐 Website | onwardbtc.com
💎 Twitter | twitter.com/onwardbtc
⭐️ Signals | t.me/OnwardBTCBot
✅ Best Community in Crypto
✅ Education 👨🎓
✅ Signals 📈📉
✅ Bots
🌐 Website | onwardbtc.com
💎 Twitter | twitter.com/onwardbtc
⭐️ Signals | t.me/OnwardBTCBot
✅ Best Community in Crypto
✅ Education 👨🎓
✅ Signals 📈📉
✅ Bots
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.
💬 FREE Telegram | t.me/onwardbtc_official
🌐 Website | onwardbtc.com
💎 Twitter | twitter.com/onwardbtc
⭐️ Signals | t.me/OnwardBTCBot
✅ Best Community in Crypto
✅ Education 👨🎓
✅ Signals 📈📉
✅ Bots
🌐 Website | onwardbtc.com
💎 Twitter | twitter.com/onwardbtc
⭐️ Signals | t.me/OnwardBTCBot
✅ Best Community in Crypto
✅ Education 👨🎓
✅ Signals 📈📉
✅ Bots
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.