Mid-term LONG
There was some chance that the ascending triangle breaks down this time because the price was dropping when it entered the triangle. But the overall bullish pattern of BTC for the mid-term remained valid. As you can see in the chart, RSI has been making higher lows in the 4H chart (1D and 1W as well) independent of the price action. I can't see how this pattern could reverse in a mid-term. I think we can breathe a little bit before we see the REAL BLOOD (lower lows) in BTC. Good Luck.
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.