MagusTrading

4 Things You Should Know About BTC!?

Short
MagusTrading Updated   
BITMEX:XBTUSD.P   Bitcoin

Last Weekly Trend Lowest Low has been breached and closed under multiple days.

4h Trend went under that level too. Momentum is under the trend on all timeframes 15m-1D

Next leg for BTC: November 2022 - July 2023 high 50% Fib retracement.

I think the support will not hold this time, like it did in the past weeks, trend is finally revering.
Order cancelled
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.