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Saturday, December 17, 2022

BTCUSD ❕ broke down the upward channel

BTCUSD ❕ broke down the upward channel

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

Trading volumes are down, but Bitcoin continues to move above liquidity.
The RSI chart is in the sellers zone (4H, 1H and 30m TFs)
On the 4H and 1H Timeframes 50EMA and 200EMA have formed the "Death Cross" pattern.
I expect the asset will test the resistance level , but it will continue going down after it has been fixed under the resistance level .

Via TradingView Ideas

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