BTC vs S&P500 - Accumulation Study
For my personal use only... no investment advice
Note
After upwards momentum died, BTC fell off the channel and is now finding support at main TL. My thoughts right now:Note
Initial LPS seemed too weak regarding volume profile and retracement. way to slow decline to be a sort of a shakeout. This dump looks more like it. As long as 7k isnt broken I remain bullish for a potential 8400-ish target. If we leave the trading range I will start to switch to bear mode and build a short position.
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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.