CryptoEstratega

BITCOIN: Start of downtrend?

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
BTCUSDT tried again to break above 40K but it appears in the grim bearness of the near future there are only sellers.

Although BTCUSDT has slowly crept up from the lows of this range, we need a strong break with volume if we are to leave it below.

Right now It seems more likely we will start a new downtrend and break below the trendline pushing us down into the lower part of the range.

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.