We are breaking out of the descending triangle to the upside on the 1hr chart, likely on our way to a new all-time high - possibly $30k, being the next psychological threshold. Therefore, the bearish divergence mentioned in my previous analysis is not likely to play out - we see the RSI increasing with the breakout as well.
Congrats to those who bought the dip.
Congrats to those who bought the dip.
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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.