Could 28k be the bottom?
I mean, china usually bans BTC and then it pumps after that
There is a lot of FUD and many people are expecting a 20k btc.
Is it possible that china and the whales have already started buying btc back up?
Now to TA:
A lot of short term bullish indicators
We broke out of a falling broadening wedge which was caused by an inverse head & shoulders
We haven't hit the target for the inverse H&S yet and it seems like we are creating two double nested bull flags
I do think there is a possibility where we drop from here a bit but, BTC looks like it wants to move up from here
Could be a good LONG trade to take
I mean, china usually bans BTC and then it pumps after that
There is a lot of FUD and many people are expecting a 20k btc.
Is it possible that china and the whales have already started buying btc back up?
Now to TA:
A lot of short term bullish indicators
We broke out of a falling broadening wedge which was caused by an inverse head & shoulders
We haven't hit the target for the inverse H&S yet and it seems like we are creating two double nested bull flags
I do think there is a possibility where we drop from here a bit but, BTC looks like it wants to move up from here
Could be a good LONG trade to take
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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.