Bitcoin Mid/Long term analysis

Lets look at the daily chart and see whats going on.

Established trend lines are acting as clear support and resistance, we have yet to establish a new candle below the first two lines but we have also yet to be able to break the down trend line.

RSI is soon to bottom out on the daily but thats just one indicator.

I see some emotional selling going on, its not hard to spot the bots from real traders.

Trading is risky right now, but may become rewarding if a bounce occurs, as we know, alts follow btc.

the 4 hour candle has not breached the trend line..yet

judging by the weekly chart, we are hitting critical support levels after dropping from a parabolic run which seen us hit 20,000usd

This post is not intended as a prediction, im just showing you what i see.

https://www.tradingview.com/u/angus01408/
https://coinalyze.net/