BitcoinLong
Bitcoin can resume the uptrend
After a turmoil at late Decemeber and begining of January, BTCUSD can finally proceed moving with the uptrend, and here's why:
According to 1-year HODL wave indicator, it has enteted a distribution phase, which normally corresponds with acceleration of the price action in the direction of dominating trend.
BTC statistically grows better on weekends, as fiat market are closed and volatility is pretty low.
Technically, price of BTCUSD is within the dynamic support, which gives it a potentially good trade location and might trigger the new wave of buying to start.
Always DYOR and never forget to manage your risk!
According to 1-year HODL wave indicator, it has enteted a distribution phase, which normally corresponds with acceleration of the price action in the direction of dominating trend.
BTC statistically grows better on weekends, as fiat market are closed and volatility is pretty low.
Technically, price of BTCUSD is within the dynamic support, which gives it a potentially good trade location and might trigger the new wave of buying to start.
Always DYOR and never forget to manage your risk!
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.
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.