TheAlphaTrades

6100 temp. bounce | Will BTC downtrend continue?

COINBASE:BTCUSD   Bitcoin
Yes, I still believe the downtrend is still active. Although, I would like to see if there is a strong follow through after this $6100 bounce. Historically we have seen $300-400 bounces and yet we still resume the prevailing trend. This is normal for this market. I have yet to see any significant signs in BTC showing me strength and fortitude.

I remain bearish in the short/medium term and bullish in the long-term.

Hope you enjoyed my analysis! Give me a thumbs up :)

Join our Crypto movement with Alpha Trades
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.