BitcoinUpdated The next 10 days, will be the determining factor.
Bulls are alive if it can re-take $7000, with a break of that falling wedge.
If it gets below 5.5k (excluding flash crash), perhaps you should start re-accessing crypto as an asset class. Its going to be another year or two of bear nuclear winter.
Good read if you're in for the long haul: messari.io/report/crypto-theses-for-2020
I'm bullish bias.
Watching hashrate:
If it gets below 5.5k (excluding flash crash), perhaps you should start re-accessing crypto as an asset class. Its going to be another year or two of bear nuclear winter.
Good read if you're in for the long haul: messari.io/report/crypto-theses-for-2020
I'm bullish bias.
Watching hashrate:
Note
Update. Wait for hash rate confirmation. It might chop here for a bit more.
Note
Notes on chart.
8k tag as the first level of ab=cd target from 7k.
Hope you see how this works, with a multi timeframe & multiple confirmations approach to price action.
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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.