Short

This is what's happening to BTC currently

Updated

Overbought. Look at chart for the reason.

Note

Notice how price is still respecting the median line of the pitchfork (mid-price channel), testing it a few times recently and failing to break above it, instead pivoting downward off of it. That's the power of the dynamic price and time tools.

Watch for a test of bottom channel for another long-entry opp.

Also on:

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.