MindBodyCoins

BTC Full Cycle Macro/Current Situation

Long
BITSTAMP:BTCUSD   Bitcoin
Price is still within bull flag and above the red rising channel, but it has lost the Value Area Low, for now. It needs to hold above the channel, or bounce off the bottom of the bull flag, otherwise, we visit $52K. The Stoch RSI is showing a possible bullish cross, and the money flow looks like it could be bouncing, but at the same time, the MACD has a bearish cross and a new red (purple) candle on the histogram. Bearish volume is dying off... I think we're looking for a bounce. Get your stop losses ready though. Not financial advice.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.