BTC is repeating a pattern from the middle of April. That pattern is a Bullish Divergence (which you can read about here 
)
Since the last time this pattern occurred, BTC remained in a small uptrend for about 16 days.
Is now the the reversal that is going to start the inevitable run to 100k for BTC? Who knows.
But it does look like BTC can at least bounce back up 17% into the high 50,000s and possibly to 60k.
Please comment, like, and follow for more!
Trade at your own risk
Since the last time this pattern occurred, BTC remained in a small uptrend for about 16 days.
Is now the the reversal that is going to start the inevitable run to 100k for BTC? Who knows.
But it does look like BTC can at least bounce back up 17% into the high 50,000s and possibly to 60k.
Please comment, like, and follow for more!
Trade at your own risk
Note
Well crap. Can't win them all. TA doesn't always protect you from tweets and news event. Overall, I think most people here are long term bullish on BTC. Buy the dip if you want. Also, please practice risk management. Crypto markets are highly volatile
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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.