BTCUSD - Assessing the Current Structure...
This is a preliminary assessment of the overall structure, building on the previous analysis, which I still consider the most likely scenario. While I acknowledge the potential for further upside, I cannot ignore the strength of the overall trend.
From a logical standpoint, it seems we have at least a few more months of sideways movement in Bitcoin.
The trend remains weak, which is unsurprising to me and explains my recent lack of updates. I only post when there is notable progress in the structure.
I still have much work to do before I can form stronger views across the board, but I will do so in due time.
From a logical standpoint, it seems we have at least a few more months of sideways movement in Bitcoin.
The trend remains weak, which is unsurprising to me and explains my recent lack of updates. I only post when there is notable progress in the structure.
I still have much work to do before I can form stronger views across the board, but I will do so in due time.
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.