DonniePiii

Bitcoin indecision

BITMEX:XBTUSD.P   Bitcoin
Looking at the 4 hour you see that there were at least 5 times XBT attempted to break the down trend line followed by rejections each time. If it fails one more time, maybe not even one more time, we should see one last correction before the real trend reversal happens. The way bitcoin moves is always tricky, because the market makers love to make TA traders pull their hair out. Regardless, my prediction is we will see some serious movement again early this week, which way however we shall see.
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.