economistLisbon

Bollinger band test coming up

Short
BITFINEX:BTCUSD   Bitcoin
The real test on the death cross is finally coming.

The lower bound of the Bollinger Bands on the daily chart will play a vital role in this event.

Should the lower limit not act as a support, the MA50 and MA200, will not only touch but cross.

The result will be BTC going below 6k and the following hours.

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.