SUMMARY: Long, next target is the $51k at the 0.618 golden ratio
-- Technical --
Above all the EMAs and MAs, forming HHs and HLs. -bullish
Broken out of the descending wedge and re-tested the 0.238 Fib support - confirmed reversal and very bullish.
ABC correction carried out in April & May.
Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<----
*Not financial advice and is for educational purposes only. Always DYOR.
-- Technical --
Above all the EMAs and MAs, forming HHs and HLs. -bullish
Broken out of the descending wedge and re-tested the 0.238 Fib support - confirmed reversal and very bullish.
ABC correction carried out in April & May.
Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<----
*Not financial advice and is for educational purposes only. Always DYOR.
Note
Note, BTC is highly correlated to S&P500. When the SXP has a correction, BTC follows:
Note
Note well:If you have Altcoin positions, Bitcoin Dominance is a very important metric to follow:
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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.
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.