Avangelina

BTC major trend-line 1wk

INDEX:BTCUSD   Bitcoin
Watch out for BTC blowing past the major weekly trend-line. I think there will be problems if BTC goes below the green trend line which is around 23.4k.

Not to be the scary bad news breaker, but we could see a LUNA crash repeat with Bitcoin or if not then a long drawn-out bear market for the next 1-2 years.

We have to take trading the market 1 day at a time and assess the the major trend-lines with the recession going on since November 2021.

Avange-Lina
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.