Bearish Thoughts
Looking at the log regression, it dawned on me that every time that BTC has come down to the bottom of the red channel, it usually didn't have the juice to pop back up.
I think 33k might be in play, top of the blue channel.
Alternatively, bouncing off here can save the bullrun. But in this global climate? I'm not so sure.
Holding steady, but cash ready.
I think 33k might be in play, top of the blue channel.
Alternatively, bouncing off here can save the bullrun. But in this global climate? I'm not so sure.
Holding steady, but cash ready.
Note
A decisive close above 65,000-67,000 could trigger a strong breakout. Order cancelled
Bearish scenario (thankfully) invalidated.
Quite a strong triangle break, maybe we're off to 100k?
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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.