BitcoinLong
BTC tanked but uptrend intact (BASICS for beginners)
For those early in their charting practice, EVERYONE in the crypto space should be monitoring the BTC bull trendline as it affects all coins.
As you can see, we could still fall to around $4200 tomorrow (sunday) and still be in the clear. Our bottom climbs everyday however, so the clock is always ticking to inch upwards.
This is an aggressive trend and it will fail eventually. It has lasted since the bottom of the pre-BCH split.
Now instead of guessing when you pull out of your altcoins, you can have a much better idea if a bear market is actually in play.
As you can see, we could still fall to around $4200 tomorrow (sunday) and still be in the clear. Our bottom climbs everyday however, so the clock is always ticking to inch upwards.
This is an aggressive trend and it will fail eventually. It has lasted since the bottom of the pre-BCH split.
Now instead of guessing when you pull out of your altcoins, you can have a much better idea if a bear market is actually in play.
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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.
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.