BTC resisted bearish pressure and resuming upwards movement?
The way I'm seeing this is we've recently had golden cross on the daily charts for 
XBTUSD in the past we've experienced flash crash shortly after golden cross during start of bull trend. BTC has fought hard to pull back from this crash and although it looks like it attempted and is retreating, could this just be a larger stair step pattern up? As BTC is slowly climbing up like a tank and FOMOers jump in and shorts stop loss are triggered could this send back into continuation of our upward trend? Seems like with halving near and so many have been awakened to potential of BTC and the larger crypto market I have a hard time believing this dip could last much longer, bulls have already resisted the bulk of bear pressure. I'm still very noob in the field of TA and attempting to use my knowledge of psychology to augment my understanding of charts and indicators, any feedback and insight would be greatly appreciated. And please leave a like as I am trying to build rep points so I can participated in the group chats! thanks - Wolfgang
XBTUSD in the past we've experienced flash crash shortly after golden cross during start of bull trend. BTC has fought hard to pull back from this crash and although it looks like it attempted and is retreating, could this just be a larger stair step pattern up? As BTC is slowly climbing up like a tank and FOMOers jump in and shorts stop loss are triggered could this send back into continuation of our upward trend? Seems like with halving near and so many have been awakened to potential of BTC and the larger crypto market I have a hard time believing this dip could last much longer, bulls have already resisted the bulk of bear pressure. I'm still very noob in the field of TA and attempting to use my knowledge of psychology to augment my understanding of charts and indicators, any feedback and insight would be greatly appreciated. And please leave a like as I am trying to build rep points so I can participated in the group chats! thanks - Wolfgang
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.