At the end of the Volumetrendline we will see a big movement in either direction. (01.August)
The direction will be defined at this point for the next 4-6 month.
Now we have two possibilitys. 1) Three drive pattern is already done, good news overall (point X second drive?) liftoff at the end of the triangle 1000$ (i would preferr that way)
If the three drive pattern isnt complete so far, china will ban bitcoin (or similar) at the end of july to get the price to the downsite target 265$.
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.