This is linked to my NAS idea where the market is slowly shifting to a Risk-on environment. I see a nice potential for a bullish BTC price action shift. We may have found the bottom for the new bull run.
Technical observation:
1. We recently formed a cup and handle.
2. A visible head and shoulder on the cup and handle.
3. Exit on the bearish trend channel with the formation of a new bullish trend channel.
4. 50% fib level looks promising.
Technical observation:
1. We recently formed a cup and handle.
2. A visible head and shoulder on the cup and handle.
3. Exit on the bearish trend channel with the formation of a new bullish trend channel.
4. 50% fib level looks promising.
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Related publications
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.