TrendLINEBoys

New Day candle Update 6/17/2022

BITFINEX:BTCUSD   Bitcoin
Most likely no huge movement until the next week candle, which is tomorrow. I think whether it ends above 21,630 or under will have a big impact on the direction it takes. Even if it ends under 21,630, I think it is still possible for the price to test back at ~21,900 to see if there is a rejection of that level on the week time frame.

I think it is possible to reject at 20,900 and continue down on this day candle. So that may be something to watch for. I still think action on the next week candle is more likely.

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.