BTC looks to have changed trend within the channel established last year, evidenced by trends in the 3 min chart (see below). This suggests overall upward movement for the next week or two. Over the next day or two, there may be a double bottom before firmly establishing the upward trend.
The SMA50 also supports a reversal, because the trend has consistently reversed at or slightly below this moving average.
Time will tell, but it may be a good time to buy back in (now or on a dip).
The SMA50 also supports a reversal, because the trend has consistently reversed at or slightly below this moving average.
Time will tell, but it may be a good time to buy back in (now or on a dip).
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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.