BitcoinUpdated BTCUSD - Big dip? - Not so fast, but...
I've seen some people calling for a blood bath for BTC/USD and what I can say is the trend is your friend. If history rhymes, then yes, there will be a small dip but it will push to a new ATH before a longer deeper dip to the lower channel. The chart shows this clearly.
Trade active
We hit ATH again but it didn't see a hard bounce - at least not yet so I expect some consolidation and another run for a more spaced out ATH with respect to time frame then a potential bounce down. Additionally, the volumes aren't as large as when the other ATH's hit, this is just the start.Trade closed: target reached
Look at my other BTC chart
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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.