Leaving out all the drama from the news and social media posts about Elon / Bitcoin / Crypto etc etc and just looking at the charts, we can see clearly that BTC topped out, formed a head and shoulders pattern before falling down. Tracing the fibonacci tool from the last peak down to the bottom we can find retracement zones back upwards. Whether or not it will beak these zones to the upside, or find resistance at these is yet to be seen.
Crypto markets overall on the long term are bullish as anyone can see by looking at a daily or weekly chart. Until that long term trend changes, I am bullish for the moment.
Crypto markets overall on the long term are bullish as anyone can see by looking at a daily or weekly chart. Until that long term trend changes, I am bullish for the moment.
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.