By Matthe: Wow, this is the moment for BTC!!!!
BTC on the log scale/daily, forming a perfect acending triangle hitting the resistance line touching the recent highs (downsloping channel).
If the 60% chance bearish ascending triangle plays out you will see a revisit of the 4500 lows.
The MA 50 offers some stiff resistance as well making a drop more likely.
Anyway, this is BITCOIN so we never now. A move up would be very very explosive and might even crush the alts.
This is the moment we have been waiting for.
If the 60% chance bearish ascending triangle plays out you will see a revisit of the 4500 lows.
The MA 50 offers some stiff resistance as well making a drop more likely.
Anyway, this is BITCOIN so we never now. A move up would be very very explosive and might even crush the alts.
This is the moment we have been waiting for.
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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.