BitcoinLong
Bitcoin still bullish, just a matter of trend.
We have to break the channel, but how?
For the time being, I see three scenarios playing out.
1. Black line continues in the channel, before deciding which way to breakout.
2. Red line violates the trend channel, hard up and hard down.
3. Green line violates the trend channel, hard down and up.
I still believe we are in a bull market, but we need momentum to continue up.
For the time being, I see three scenarios playing out.
1. Black line continues in the channel, before deciding which way to breakout.
2. Red line violates the trend channel, hard up and hard down.
3. Green line violates the trend channel, hard down and up.
I still believe we are in a bull market, but we need momentum to continue up.
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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.