Was sure about bitcoin dropping to 8000 area for fueling up again but it seems to be that 9000 area was enough energy this time. This bounce probably takes us to 11K area which will define the true power behind this move. Pattern forming here is similar to inverted head and shoulders we saw 2 weeks ago, big chance this will play out the same way and there will be a slight pullback after touching top of the channel first.
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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.