MBM_Crypto

BTC Update - Broke down from the rising channel!

Viés de baixa
MBM_Crypto Atualizado   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Here's a quick update on BTC 4 hr chart. The price has been oscillating in the rising channel for a while and has now broken down. The rising channel is very important to uphold for continuation and if the price can't get back in, then we are probably going to retest 51k. Furthermore the price bounced off the 100 MA.
One thing to note is that the volume has been decreasing while the price has increased. Thats a bearish sign. Another point to take in concidaration is that the stocks like S&P 500 is down - that only adds more bearish sentiment.

Monday will be crucial. If the stocks opens in red, then BTC will follow.

Follow me for daily profitable trading setups

BTC dictates the market. If BTC falls, then Alts will fall as well. BTC needs to get stable before alts can run. Trade safe!
Trade ativo:

Bearish divergence on the daily TF. This tells us that the strength of price/move is decreasing.

Experience our top-tier setups with our Premium Group for only 75$ Lifetime membership!

🎖Telegram: t.me/MBM_786kr🎖
Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.