Chart-wise, I favor the blue outcome because it would fit nicely in the wave pattern. The orange looks like a serious battle to the end, and a tight squeeze. The purple looks more like reality. My preference would be the purple so we can dig our heels in again. Testing 54K seems to be trending on social as well, so there is a lot of sentiment to squash some long calls before heading up above and securing the above 60K threshold. It's been a soap opera up until now anyway, so if you are long Bitcoin, Purple truly feels like the continuation of the soap opera and would fit the vibration of reality, in my opinion. I imagine the 3rd Friday of this month will be very exciting. Feels early this time around.
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.