Master-of-Scalping

BTC is losing momentum?

Short
BITMEX:XBTUSD.P   Bitcoin
Looking at the chart of 4h graph, BTC has slowly but steadily broken the trendlines/ support of the bullish pennant DOWNWARDS (1---->2----> 3-----> 4???) and showing no signs of bullish momentum otherwise.

I think it is a good clue, which tells us, it would be willing to go back to 80s (89xx-88xx, not the MICHEAL JACKSON 80s:)), rather than the millenium in the short/midterm(10k).


We will 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.