Get started
leopisbig

#BTC: similar indications with August, looming bear term

Short
Bitcoin (BITFINEX:BTCUSD)  
leopisbig  
BITFINEX:BTCUSD   Bitcoin
Support and Resistance Multiple Time Frame Analysis Economic Cycles BTCUSD BTC Bitcoin (Cryptocurrency)
8
1
supportandresistance mtfa economiccycle btcusd btc bitcoin
  • The chart is quite obvious. Although we are still in the uptrend from a wider perspective, in the short run, the indicators signal a bearish period.
  • Check the resemblance with last August, i.e. price/RSI div, falling volume, etc.
  • It looks like we will see BTC @ around $4,XXX in the next term.

It is no investment advise.
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.