Very basic chart.. only needs one markup !
- Institutional buyers are scared the price will drop
- Retail buyers are worried it drops (like so many are predicting)
But nobody knows where it will go next.
Common sense - After consolidation comes continuation... it wont go sideways much longer, its lightly to go up at least to the 100+ range.
That's my short summary for the next few weeks.
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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.