Looks like an uptrend but its heavy as hell. If we dont see any major pumps or spikes that give us higher support levels its highly likely the price will collapse. What we are seeing now is buying volume competing with selling and we will reach an apex where either will win. At this point the sellers are ahead and we have longs piling up like crazy. If it continues like this it will eventually lead to a huge liquidation crash. For reference see BTC in 2018.
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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.