BTC Bulls Do Not Want To See This Fail.
Bearish structure setting up once again in this rising wedge. Good risk reward setup
On the break.
On the break.
Note
Trade has not triggered yetNote
BINGO!Note
New BTC Update here. Not looking good longer term
Note
Nothing has changedNote
Update BTC despite the move up it is even more bearish looking as it grinds higher. This is not typical BTC behavior in the sense in the past it breaks out and keeps running. Alternatively, if we were to look at it as a "normal" asset class what we would like to see is a pullback followed by a push higher. Not a grind-up.The only bullish scenario I see is a super old fashion BTC thrust-up move-breaking structure to the upside. Not likely.
Real Macro Economic Investing
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Real Macro Economic Investing
patreon.com/Realmacro
patreon.com/Realmacro
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.