aldante

Bitcoin

Short
aldante Updated   
COINBASE:BTCUSD   Bitcoin
I believe bitcoin will be heading down to the white line I have drawn. It has come into contact with it three times now, in my opinion this white line is bitcoins healthy trendline. I'm expecting a pullback to around the 6k - 6.5k area, I believe this area to be good support based on the overall trend. The MACD also looks ready to come down to cross, the RSI is smack in the middle pointed downwards, we could see it bottom out and find support there.
Comment:
There also is a chance that it will catch and find support on the 200 day so watch for that.
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.