Although the breakdown occurred in the weekly timeframe, it is still early to confirm. The reason is that in the Renko daily time frame, bitcoin is still above the support level. Until the breakdown is confirmed, it will be difficult to tell if it is a breakdown or a trap.
But there is a point in the TSI indicator that increases the likelihood of facing a real breakdown. The TSI has a negative bias and has a descending crossover.
However, I would rather be patient to have a confirmed breakdown signal.
But there is a point in the TSI indicator that increases the likelihood of facing a real breakdown. The TSI has a negative bias and has a descending crossover.
However, I would rather be patient to have a confirmed breakdown signal.
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