Looking at BTC
BTC moving within a parallel channel.
Could the correction be over?
A move above the heart-line would be a good sign in my opinion of continued bullish-ness in the near term and could see us making new ATH and possibly breaking back into price-discovery mode.
A failure to break the heart line and retesting the bottom line of the channel could spell a deep correction on the horizon, forming a head and shoulder pattern and a very large bear pennant.
Looking at the RSI and MACD I would favor scenario 1 at the moment.
Just stay vigilant!
BTC still rules the crypto universe.
BTCUSD
Could the correction be over?
A move above the heart-line would be a good sign in my opinion of continued bullish-ness in the near term and could see us making new ATH and possibly breaking back into price-discovery mode.
A failure to break the heart line and retesting the bottom line of the channel could spell a deep correction on the horizon, forming a head and shoulder pattern and a very large bear pennant.
Looking at the RSI and MACD I would favor scenario 1 at the moment.
Just stay vigilant!
BTC still rules the crypto universe.
BTCUSD
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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.
Related publications
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.