It is essential to occasionally zoom out.
Taking a look at the weekly chart gives us an astounding picture of Bitcoin’s move. This consolidation looks like almost nothing after this run up from $15,000 - just the expected chop after the halving.
As you can see, we are trading in the top half of the blue range, which means we should eventually visit the range highs. A break above send us back into price discovery,
Be patient - everything still look exceptionally strong.
Taking a look at the weekly chart gives us an astounding picture of Bitcoin’s move. This consolidation looks like almost nothing after this run up from $15,000 - just the expected chop after the halving.
As you can see, we are trading in the top half of the blue range, which means we should eventually visit the range highs. A break above send us back into price discovery,
Be patient - everything still look exceptionally strong.
scott.melker@texaswestcapital.com
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.
scott.melker@texaswestcapital.com
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.