…but only above the white line.
Today I have a rather obvious chart for you. As you can see, bitcoin has formed a downward channel. Yesterday the price touched its upper wall for the second time. There is also a white trend line on the chart, which has been respected by bitcoin for many years. Currently, bitcoin is slightly below it. Until the price jumps over this line and stays above it for a long time, I will not change my bearish stance. Only a solid rebound from the red line could change that.
This is not financial advice.
Today I have a rather obvious chart for you. As you can see, bitcoin has formed a downward channel. Yesterday the price touched its upper wall for the second time. There is also a white trend line on the chart, which has been respected by bitcoin for many years. Currently, bitcoin is slightly below it. Until the price jumps over this line and stays above it for a long time, I will not change my bearish stance. Only a solid rebound from the red line could change that.
This is not financial advice.
