Get started
mmsantos.br

BTC: no strength to break a downtrend line

Bitcoin (BITSTAMP:BTCUSD)  
mmsantos.br  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis BTCUSD
7
0
trendanalysis btcusd

Note how BTC has no strength to break a downtrend line (attempts circled in black). Let's wait for the end of the day.

For the other side note how the 9.1~9.3k support zone is strong (blue arrows).

Related Ideas

mmsantos.br
BTC: soft landing?
mmsantos.br
BTC: bearish triangle
mmsantos.br
BTC: testing a downtrend line resistance
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.