Hello, dear TradingView members.
This idea is a Bitcoin analysis.
In the four-hour time frame, the trend over the past two weeks has been formed in the range of the fork of the main pivots, which started to move since four weeks ago.
Losing the support range of $19,250-$19,000 confirms the breaking of the bottom of the fork; Which is a strong warning for further declines to the field of $17,500 and $16,180.
Our speedometer indicator is hinting at Sell.
RSI still isn't showing oversold signals in the 4H timeframe, so we still have room to go lower.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
This idea is a Bitcoin analysis.
In the four-hour time frame, the trend over the past two weeks has been formed in the range of the fork of the main pivots, which started to move since four weeks ago.
Losing the support range of $19,250-$19,000 confirms the breaking of the bottom of the fork; Which is a strong warning for further declines to the field of $17,500 and $16,180.
Our speedometer indicator is hinting at Sell.
RSI still isn't showing oversold signals in the 4H timeframe, so we still have room to go lower.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
