Hello, dear TradingView members. This idea is a Bitcoin analysis.
In the four-hour time frame, the trend over the past two weeks has been formed in the range of the fork of the main pivots, which started to move since four weeks ago. Losing the support range of $19,250-$19,000 confirms the breaking of the bottom of the fork; Which is a strong warning for further declines to the field of $17,500 and $16,180.
Our speedometer indicator is hinting at Sell.
RSI still isn't showing oversold signals in the 4H timeframe, so we still have room to go lower.
Let me know if you guys have any questions; I will be more than happy to help.
yeah nasty chart for sure very limited upside, with record CPI print in June. only way is down.
DeGRAM
⋅
Thank you
UnknownUnicorn15614419
⋅
Very nice chart here as always
yonsfx
⋅
Thanks
Solldy
⋅
That's a very interesting point of view. I think this scenario is possible for collecting liquidity, it would be very useful. And in the longer term, I'm looking at a price move in the other direction. Thanks for the hard work, mate)