Big movement incoming ?
option A (green) : we had this week a triple bottom on the trendline (middle pink line) and we are ready to break up the bullish pennant*
option B (orange) : maybe more likely, fall to 2xx during the next weeks, then hit on the historic trendline (biggest pink line)... And finally, break up the pennant*
*I know... 2 (long term) bullish options but this year despite the declining of the price, the fundamentals of Bitcoin have never been better than any other years. And the FBI auction maybe could ironically add fuel if for example we learn that the FBI coins have been sold far above the exchange price
option B (orange) : maybe more likely, fall to 2xx during the next weeks, then hit on the historic trendline (biggest pink line)... And finally, break up the pennant*
*I know... 2 (long term) bullish options but this year despite the declining of the price, the fundamentals of Bitcoin have never been better than any other years. And the FBI auction maybe could ironically add fuel if for example we learn that the FBI coins have been sold far above the exchange price
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.