chestephens1

BTCUSD forming bearish trend with higher lows @5175.44

Short
COINBASE:BTCUSD   Bitcoin
First off I'd like to say congratulations to BTC for finally reaching 5k (again)! The overall trend of bitcoin is in a bullish market but I am noticing some consolidation beginning/will form in the upcoming hours. Once BTC hits the peak of 5299 it will slowly begin to retrace back to 5175 {APRIL 6th Price action}. It will fight with the bulls to turn the overall trend bearish. it shall retract to 5069 before seeing another uptrend form. Be aware this is a slight bearish trend not a head over heels bearish trend. BTC will still maintain an overall bullish out look this is just a set up for the 6k breakout!!
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.