Chart is pretty clear and yet people don't trust the rally
I am not sure why they are so many bears still on BTC. For me it's so simple:
We broke the 6-7 months of downtrend.
We had a pretty good accumulation in the $6500-7500 area
We are over all moving averages and expecting a golden cross soon
We have a big support bellow us that will take a lot of selling to be breached
Good luck trying to short this chart!
We broke the 6-7 months of downtrend.
We had a pretty good accumulation in the $6500-7500 area
We are over all moving averages and expecting a golden cross soon
We have a big support bellow us that will take a lot of selling to be breached
Good luck trying to short this chart!
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.