Basic look at BTC
Updated
I haven't been looking at BTC much, but a brief look today gives you the 2 possible directions it could go.
It depends on the swing of public opinion as the support line is an easy bar to keep above and a failure here would mean a much longer time for BTC in obscurity.
However the asymmetrical triangle will resolve and we will get to see whether to be bullish or bearish.
It depends on the swing of public opinion as the support line is an easy bar to keep above and a failure here would mean a much longer time for BTC in obscurity.
However the asymmetrical triangle will resolve and we will get to see whether to be bullish or bearish.
Note
As is often the case with BTC, the looming decision point causes an early market decision. This current positive action is an attempt to go back to the previous support line.
This will fail and then we will likely see a drop back to the 5k mark.
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.