NoaTrader

BTC short term. Good News & Bad News.

BINANCE:BTCUSDT   Bitcoin / TetherUS
Good News is that the start of the recent trend is based on retesting the 15 months old bearish trend line which was broken sooner. BTC went up 18% in about 71 hours and then rejected from the 6 Months old resistance and came down 7% in 8 hours. Fibonacci levels are interesting to notice.
Good news is that there is a bullish trend line acted as support each time price was rejected.
Bad news is that the last high is lower than the previous one with lower volume. And we will have less volume and price movement for Saturday (today) and Sunday (tomorrow).
Generally, the trend is bullish, but the price action has weakened since the last pump. Waiting for more information.
The script used for weekday average can be founded here

nfa & dyor
Invest Smart!
Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.