BTCUSD
Bitcoin seems to be forming a really nice V shape recovery after coming down to retest the previous pennant pattern it held back in October. The retest looks very bullish with the long rejection wick followed by multiple green candles. It is however important to note that Bitcoin needs to retest and break through the 53k area decisively for us to say we're back in the rally as there's a CME gap at that level.
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.