BitcoinUpdated Bitcoin Bulls Versus Bitcoin Bears
We have a potential descending triangle which is a bearish indicator.
However if we break up of it, we will possibly revisit 7,500 ... and breaking that would lead us to the all time highs potentially.
But if we break down, we will be retesting the support that connects the prior 2 tops this year. If that doesn't hold, it may be very probable that we topped for the year.
Are you a bull, a bear or a pig?
My stance remains neutral at the moment, but I'm leaning towards bearish as there is no catalyst for which bitcoin should rise.
However if we break up of it, we will possibly revisit 7,500 ... and breaking that would lead us to the all time highs potentially.
But if we break down, we will be retesting the support that connects the prior 2 tops this year. If that doesn't hold, it may be very probable that we topped for the year.
Are you a bull, a bear or a pig?
My stance remains neutral at the moment, but I'm leaning towards bearish as there is no catalyst for which bitcoin should rise.
Note
Remember, there is STATISTICALLY a 64% chance of breaking down and a 36% chance of breaking upward!Trade active
long @ 7200Note
my stop is at 7095 incase anyone wonders
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Related publications
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.