Hello,
In my opinion after yesterday's drop lower timeframes are showing strength, which makes me think that bitcoin might be preparing for a bigger move up in the upcoming days/months.
This is a very early assumption, because first we need to see:
1) a breakout from current local range
2) re-accumulation higher
If the above won't happen, the idea is invalidated.
In my opinion after yesterday's drop lower timeframes are showing strength, which makes me think that bitcoin might be preparing for a bigger move up in the upcoming days/months.
This is a very early assumption, because first we need to see:
1) a breakout from current local range
2) re-accumulation higher
If the above won't happen, the idea is invalidated.
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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.